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., This news data comes from:http://aichuwei.com
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.
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.
- LBC Express Holdings top executive to retire in Oct.
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- Vico encourages citizens on Heroes’ Day to be brave
- Gaps in healthcare services remain - study
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Chinese tourist city Sanya shuts down as typhoon intensifies
