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.
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://vq-uyux-sg-tpe.aichuwei.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.
- Tax bureau hunts down contractors over questionable flood control deals
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- PNP chief Torre relieved from post — Palace
- Indonesia protests put spotlight on paramilitary police force
- Hopes fading for Putin, Zelenskyy peace summit
- Make a difference, write your own future, youth urged
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- UK's mass facial-recognition roll-out alarms rights groups
- Thailand's ex-PM Thaksin acquitted in royal insult case
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
