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.
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://vlw-xfa-il-nh.xs888999.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
- Emma Tiglao crowned Miss Grand PH 2025
- Sotto ousts Escudero in Senate coup
- Sara Discaya admits owning 28 luxury cars
- PNP chief supports lowering age of discernment
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- Hontiveros pushes P15,000 salary hike for teachers
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Israel military says controls 40 percent of Gaza City
- Trump to blacklist countries for imprisoning Americans
