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
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, This news data comes from:http://nq-sr-tb-ugrr.gangzhifhm.com
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.
- PH economic losses hit 100B from corruption in flood control projects
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- Navotas inks deal for school feeding project
- Marcos names acting Ombudsman
- Prompt release of educational aids sought
- Sen. Pangilinan Advocates for Credit-Worthy Farmers to Boost Agriculture Sector
- US approves .5M in assistance to Nigeria to help address hunger
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Red Cross head says mass evacuation of Gaza City 'impossible'
