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.
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., This news data comes from:http://www.052298.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.
- DPWH opens foreign-assisted projects to LGUs
- Estrada, Villanueva tagged in flood control mess, 'SOP was 30%'
- Eight towns in Cotabato cancel classes on Monday
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Comelec upholds cancelation of Duterte Youth registration
- Nartatez relieves Fajardo as PNP spokesman
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- 2028 polls overseas voter registration opens in Dec
