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.
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 news data comes from:http://705-888.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Lacson to govt: Protect education budget
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Trump withdraws Kamala Harris's Secret Service protection
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- North Korea test-fires two 'new' air defense missiles
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Prince Harry to visit UK on anniversary of queen's death
- Bonoan resigns, Dizon named DPWH chief
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
