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://jyxingfa.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Labubu fans flock to stores after launch of mini dolls
- BuCor chief calls for major reforms
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- Supreme Court: It’s work as usual in judiciary
- Australia expels Iran ambassador over antisemitic attacks
- Philippines to launch shame campaign vs traffic violators
- IBP forms committee on good governance to probe corruption
- Mexican drug lord faces life in prison after pleading guilty in US court
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- UN force in Lebanon slams Israeli drone attack on peacekeepers
