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, This news data comes from:http://www.705-888.com
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 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
- Head of main US health agency abruptly dismissed
- Cebu Pacific to launch direct flights between Cebu and Palawan
- Sen. Hontiveros pushes for Philippine Geriatric Center to aid seniors
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Marcos opens WorldSkills Asean competition
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- PNP chief Torre relieved from post — Palace
- GoTyme gives customers 20 free InstaPay transfers per month
- Sara favors punishing officials, lifestyle checks
- Thai court to rule on PM's fate after Hun Sen call leak
