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
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., This news data comes from:http://gitn.aichuwei.com
- Supreme Court urged to act on fake complaints
- NHA gives cash aid to families affected by calamity in Manila
- Two dead as strong earthquake jolts Afghanistan
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Protesters storm Discaya compound, Sotto calls for calm
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Pagasa monitors LPA off Cavite, may still become tropical depression
- IBP to form good governance panel
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
