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.
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 news data comes from:http://www.052298.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
Gasoline, diesel prices to increase by P1 next week
- Pump prices increase for 2nd straight week
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- HFMD cases on the rise
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Argentine police recover Nazi-looted painting spotted in property ad
- Israel city honors Quezon’s wartime rescue of Jews
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- Gasoline, diesel prices to increase by P1 next week
- North Korea test-fires two 'new' air defense missiles
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
