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.
Gasoline, diesel prices to increase by P1 next week, This news data comes from:http://prdr-fuf-xsbc-qyll.771bg.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.
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Kris Aquino is alive, says friend amid reports of death
- SSS rolls out historic pension reform program
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- NACC renews appeal: Adopt neglected kids
- 'I have no resentment,' says Torre after dismissal as PNP chief
- Trump moves to cut more foreign aid, risking shutdown
- Indonesia protests put spotlight on paramilitary police force
- Puno seeks probe of anomalous projects ‘funders’
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Australia expels Iran ambassador over antisemitic attacks
