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
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., This news data comes from:http://nnve.gangzhifhm.com
- ‘40% of Filipinos obese’
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Tax bureau hunts down contractors over questionable flood control deals
- Israel flattens high-rise as it tells Gaza City residents to flee
- MMDA readies for FIVB men’s volleyball
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- Taiwan: China illegally deploying oil rigs in our waters
- Labubu fans flock to stores after launch of mini dolls
- 11 foreigners killed in Portugal funicular crash
