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://hiihrusr.aichuwei.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.
Gasoline, diesel prices to increase by P1 next week
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- IBP forms committee on good governance to probe corruption
- Marcos to attend UN meet in New York in Sept- Palace
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Marcos names acting Ombudsman
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- GoTyme gives customers 20 free InstaPay transfers per month
- 'God's Influencer' to become first millennial saint
