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://www.xs888999.com
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.
Gasoline, diesel prices to increase by P1 next week
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Pope meets with Chagos refugees and delivers message about rights of the weak against the powerful
- House starts flood control probe
- DPWH engineer in bribery scandal placed under preventive suspension
- Israeli protesters demand hostage deal as cabinet meets
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Japan gives Philippine justice system a boost
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Gomez-Estoesta named court administrator by Supreme Court
