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://bcsx-rrq-dq-tp.yamato-syokunin.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Anutin elected as Thailand's new prime minister
- Nartatez relieves Fajardo as PNP spokesman
- Makati distributes Blu Card cash aid
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Bolsonaro verdict looms as Brazil coup trial closes
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
