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.
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.
Gasoline, diesel prices to increase by P1 next week
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://qp-aei-vwh-nv.jyxingfa.com
Gasoline, diesel prices to increase by P1 next week
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- DOJ indicts Abra Mining for fraudulent trading
- Philippines to launch shame campaign vs traffic violators
- Bonoan resigned due to command responsibility — Marcos
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- US approves .5M in assistance to Nigeria to help address hunger
- Police officers face more charges in missing cockfight enthusiasts case
- Marcos wants subpoena power for body investigating flood projects
- 'No way' US troops can invade Venezuela, says Maduro
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
