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://hux-phl-jon-yomu.redcanaco.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.
Gasoline, diesel prices to increase by P1 next week
- Bonoan freezes DPWH travel passes
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- Earthquake kills 250, injures 500 in Afghanistan
- Remulla pledges transparency and impartiality as Ombudsman
- Trump tells Europe to put economic pressure on China over Ukraine
- PH eyes global partners in biggest railway project
- Comelec to resume BARMM polls ballot printing Thursday
- ERC amends net-metering rules to expand renewable energy options
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
