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., This news data comes from:http://gyglfs.com
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.
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.
Gasoline, diesel prices to increase by P1 next week
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Argentina hunts Nazi-looted painting revealed in property ad
- ‘Gomez ignorant of how media works’
- Budget shortfall narrows in July
- Vietnam marks 80th independence anniversary with huge parade
- Kanlaon Volcano spews ash
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- Filipino fulfills dream of performing with K-pop group before home fans
- Earthquake kills 250, injures 500 in Afghanistan
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
