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 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://quv.gangzhifhm.com
Gasoline, diesel prices to increase by P1 next week
- Tokyo protests to Beijing over gas field in East China Sea
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Palace: Govt monitoring Chinese sleeper agents, PLA presence in PH
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Bonoan freezes DPWH travel passes
- Group: Register for free PhilHealth medicines
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
