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.
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., This news data comes from:http://www.xs888999.com
- Marcos signs mining tax regime law
- House party leaders want to return proposed 2026 budget to Executive
- Taiwan: China illegally deploying oil rigs in its waters
- Bonoan resigns, Dizon named DPWH chief
- Indonesian finance minister's home looted as protest anger grows
- Prime minister of Yemen's Houthi-run government killed in Israeli strike
- COA launches sweeping audit of flood control projects
- Puno seeks probe of anomalous projects ‘funders’
- No winner in Ultra, Megalotto draws for Aug 29
- Modi: India, Japan to 'shape the Asian century'
