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., This news data comes from:http://bng-xgvh-whd-ilj.052298.com
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.
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.
- PH, Japan conduct search and rescue exercises
- Need to pee? Japan has QR code for that
- US senators to reinforce 'partnership' with Taiwan
- Trump wants to meet Norea Korea's Kim again
- In Taiwan, competing narratives over the meaning of China's massive military show
- 'Pink and green' protests call for a reset in Indonesia
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
