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://www.erlvyiwan.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase by P1 next week
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.
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Israel warns Hamas to surrender or face 'annihilation'
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Cambodia MPs pass law allowing stripping of citizenship
- NBI starts own inquiry of DPWH contracts
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Lacson: Torre 'acted beyond his authority'
- Supreme Court urged to act on fake complaints
