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., This news data comes from:http://ug-qkb-fisd-qyb.gyglfs.com
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.
- 'New' position being offered to Torre — Palace
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Trump rebrands Department of Defense as 'Department of War'
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- In Taiwan, competing narratives over the meaning of China's massive military show
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- House starts flood control probe
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
