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., This news data comes from:http://705-888.com
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.
Gasoline, diesel prices to increase by P1 next week
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.
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- COA launches sweeping audit of flood control projects
- China criticizes Canadian, Australian warships transiting Taiwan Strait
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Drones take on Everest's garbage
- Malabon City honors partners
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Marcos lauds Alex Eala’s win in Guadalajara
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
