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., This news data comes from:http://sj-ehrm-mldq-bfr.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.
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.
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- AKG chief denies using ‘kidnap’ car for personal purposes
- SpaceX cancels Starship megarocket launch
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- ‘God’s Influencer’ to become first millennial saint
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- DPWH told to build evacuation centers
- Artikulo Onse' group calls for independent panel to probe flood control corruption
