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.
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://www.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.
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- PH to see ‘blood moon’ Sept. 7-8
- Dizon to order DPWH officials to submit courtesy resignation
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- Thailand’s next PM reaffirms fresh polls promise
- Nepali court: Hindu holy men's nudity not obscene
- Social pension eyed for indigent seniors
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Cusi charged over Malampaya deal
