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://uvdqkwud.gangzhifhm.com
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
- Epstein victims compiling list of sexual abusers
- Inflation up 1.5% in August
- Hopes fading for Putin, Zelenskyy peace summit
- Gasoline, diesel prices to increase again next week
- Thailand acting PM moves to dissolve parliament — party
- MMDA prepares for PH hosting of FIVB
- Plea written in blood saves Chinese woman trapped in locked room
- Pacifist Japan struggles to boost troops as China anxiety grows
- Modi: India, Japan to 'shape the Asian century'
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
