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.
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 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://teky-nayc-vp-uvrt.gangzhifhm.com
- SpaceX cancels Starship megarocket launch in latest setback
- Macron's decision to recognize Palestinian state angers Israel and the US
- Marcos to attend UN meet in New York in Sept- Palace
- Globe: Mobile data helps drive national progress
- Villanueva: Regularize contractual govt workers
- Pope meets with Chagos refugees and delivers message about rights of the weak against the powerful
- Bonoan freezes DPWH travel passes
- NHA gives cash aid to families affected by calamity in Manila
- No winner in Ultra, Megalotto draws for Aug 29
- Seoul says fired warning shots after North Korean troops crossed border
