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.
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.
Gasoline, diesel prices to increase by P1 next week, This news data comes from:http://www.ycyzqzxyh.com
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
- Immigration deports 49 South Korean fugitives
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- PH economic losses hit 100B from corruption in flood control projects
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Labubu fans flock to stores after launch of mini dolls
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Over 800 killed as quake rocks Afghanistan
