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://www.gyglfs.com
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.
- Marcos to attend UN meet in New York in Sept- Palace
- 4 policemen linked to sabungero case slapped with more administrative cases
- Israel ups pressure on Gaza City
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- DOJ indicts Abra Mining for fraudulent trading
- Taiwan: China illegally deploying oil rigs in our waters
- Konektadong Pinoy bill lapses into law
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- DPWH engineer in bribery scandal placed under preventive suspension
