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.
Gasoline, diesel prices to increase by P1 next week
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., This news data comes from:http://www.052298.com
- Thai court to rule on PM's fate after Hun Sen call leak
- Tokyo protests to Beijing over gas field in East China Sea
- Comelec defers reconstitution of BARMM parliamentary districts
- Govt debt swells to record P17.58T
- DOJ indicts Abra Mining for fraudulent trading
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Gasoline, diesel prices to increase by P1 next week
- PNP chief leads fun run
- New DPWH chief Dizon: "A department can't investigate itself"
- Opponents of Japan PM seek leadership contest
