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.
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://xs888999.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.
Gasoline, diesel prices to increase by P1 next week
- North Korea's Kim Jong Un travels to Beijing to watch military parade alongside Putin, Xi Jinping
- PCG seeks to expand drone use to maritime patrols, law enforcement
- Taiwan: China illegally deploying oil rigs in our waters
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
- P270M rock shed useless – Marcos
- Cambodia MPs pass law allowing stripping of citizenship
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- Mass housing developers laud Pag-IBIG Fund
