MANILA, Philippines - Gasoline, diesel prices are expected to increase for the third consecutive week, mostly due to the escalation of attacks between Russia and Ukraine, local oil industry sources said on Friday.
Gasoline, diesel prices to increase by P1 next week
They said that gasoline prices would go up by P1 to P1.20 per liter and diesel by P1.30 to P1.50 per liter., This news data comes from:http://www.052298.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Market reactions to recent global oil-related developments, specifically the damage to Russian oil processing facilities by Ukrainian attacks, US imposition of new sanctions on Iran’s oil revenue stream and Saudi Aramco and the halt to exports to India’s refinery by Iraq’s state oil marketer SOMO were cited as the reasons for the new round of increases.
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
Gasoline, diesel prices to increase by P1 next week
- WorldSkills Asean Manila begins
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Taiwan: China illegally deploying oil rigs in our waters
- Trump rebrands Department of Defense as 'Department of War'
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- LTO summons driver who berated MMDA enforcer
- Trump hails Department of War rebrand as 'message of victory'
- Rubio says US warned France on Israel annexation moves
- Marikina City chief of police relieved
