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.
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., This news data comes from:http://eb.ycyzqzxyh.com
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.
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- PNP chief Torre relieved from post — Palace
- Heavy rains flood parts of Metro Manila anew
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Philippine experts urge harm reduction strategy for tobacco control
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- IBP to form good governance panel
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Thai woman jailed for 43 years for lese majeste freed
