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., This news data comes from:http://yjnvv.aichuwei.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.
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- 'Five Eyes' ministers meet to discuss smashing people smuggling gangs, UK says
- Israel army urges Gaza City residents to leave
- House bill seeks to regulate AI use
- North Korea's Kim in China ahead of massive military parade
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- 25 countries suspend postal services to US over tariffs – UN
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Cayetano elected Senate minority leader; initial reorganization in committee chairmanships
