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.
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia., This news data comes from:http://fl-cmt-fu-mlh.aichuwei.com
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.
Gasoline, diesel prices to increase by P1 next week
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Zelenskyy seeks talks with Trump and European leaders on slow progress of peace efforts with Russia
- Ukraine says Russia linked to lawmaker's killing
- SpaceX cancels Starship megarocket launch
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- COA probes Iqbal on spending of P1.7B in one day
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- Marcos mum on Magalong joining independent commission for DPWH probe
- Palace rejects China's 'troublemaker' tag
