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., This news data comes from:http://qspy-uvy-qoa-yw.jyxingfa.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.
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- US appeals court blocks Trump's use of wartime law for deportations
- Marcos to create independent commission to investigate flood control anomalies
- Eala kicks off US Open campaign, aims for breakthrough win in New York
- Labubu fans flock to stores after launch of mini dolls
- Marikina City chief of police relieved
- National Guard troops begin carrying weapons in US capital
- 'Strangest' dinosaur covered in spiked armory – scientists
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Philippines to launch shame campaign vs traffic violators
