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
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 news data comes from:http://xrt-lhdv-rkt-lm.gyglfs.com
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.
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Leviste files charges against DPWH engineer who tried to bribe him
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Trump tells Europe to put economic pressure on China over Ukraine
