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., This news data comes from:http://www.705-888.com
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
Gasoline, diesel prices to increase by P1 next week
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.
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- North Korea test-fires two 'new' air defense missiles
- Thai Court: PM Shinawatra violated ethics rules
- Discaya companies' licenses revoked for bid-rigging
- Five killed in New York state tourist bus crash
- Indonesia protests put spotlight on paramilitary police force
- Comelec at 85: Garcia vows reforms
- GoTyme gives customers 20 free InstaPay transfers per month
- PH has chance of getting UNSC seat - Manalo
- House party leaders want to return proposed 2026 budget to Executive
