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://rilp-qw-ils-qyno.aichuwei.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.
- Thousands protest in Indonesia as military deployed in capital
- Labubu fans flock to stores after launch of mini dolls
- North Korean leader inspects new missile factory ahead of visit to China
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- US senators to reinforce 'partnership' with Taiwan
- No winner in Ultra, Megalotto draws for Sept 5
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Over 800 killed as quake rocks Afghanistan
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
