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., This news data comes from:http://www.705-888.com
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.
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- President Marcos commits to boosting PH digital infrastructure
- PCG seeks to expand drone use to maritime patrols, law enforcement
- DBP launches P50M program for education
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- Tokyo logs record 10 days of 35 C or higher
