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.
Gasoline, diesel prices to increase by P1 next week, This news data comes from:http://kp-tq-saiu-dwbk.yamato-syokunin.com
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 week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Hontiveros pushes P15,000 salary hike for teachers
- Mexican senators come to blows after heated debate
- Comelec defers reconstitution of BARMM parliamentary districts
- A summit and parade in China may signal a geopolitical shift
- Thailand acting PM moves to dissolve parliament — party
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- 13 massage therapists robbed, 2 cry rape
- DMW: 19 distressed OFWs return home from Jeddah
- Thai woman jailed for 43 years for lese majeste freed
- 'Mockery of science': US experts blast Trump climate report
