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.
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.
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 news data comes from:http://myh-frim-eid-vb.052298.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Over 800 killed as quake rocks Afghanistan
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Xi and Putin round on West at regional summit in China
- Duterte’s defense team outlines ICC strategy
- Oil firms to raise fuel prices this week
- PNP enlists Interpol help in hunt for Japanese mastermind behind Manila double murder
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Israel ups pressure on Gaza City
- MMDA asks LTO to sanction motorist in altercation with traffic enforcer in San Juan
