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.
Gasoline, diesel prices to increase by P1 next week, This news data comes from:http://qjxvk.gangzhifhm.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Japan PM decides to quit as opponents seek leadership election
- National Guard troops begin carrying weapons in US capital
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- More funding sought for sports commission
- French couple kept panther that roamed nearby rooftops
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Lacson: DPWH exec sought ‘insertions’
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- Budget shortfall narrows in July
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
