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.
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., This news data comes from:http://www.xs888999.com
- DSWD program reduced hunger
- Marcos mum on Magalong joining independent commission for DPWH probe
- House panel defers 2026 DPWH budget until agency submits changes
- Court rules on subdivision open spaces, road lots
- Trump moves to cut more foreign aid, risking shutdown
- Private groups back DHSUD chief's anti-corruption policy
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- US appeals court blocks Trump's use of wartime law for deportations
- Thousands rally in Serbia and accuse police of brutality at anti-government demonstrations
- Malabon averts crisis with garbage deal
