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.
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://yamato-syokunin.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
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- NKorea could produce ten to twenty nukes per year — SKorea leader
- House starts flood control probe
- Trump tells Europe to put economic pressure on China over Ukraine
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- China 'elephant in the room' at fraught Pacific Islands summit
- Tourists dice with danger on Hanoi's train street
