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://eubatuj.yamato-syokunin.com
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.
- Alice Guo faces new cases over POGO land
- UK's mass facial-recognition roll-out alarms rights groups
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Opponents of Japan PM seek leadership contest
- Marcos, first lady visit Cambodia to boost ties
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- Philippine experts urge harm reduction strategy for tobacco control
- Palace suspends govt work, classes in several areas due to bad weather
- Marcos approves EO for commission to probe flood project anomalies
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
