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., This news data comes from:http://kqstb.gyglfs.com
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.
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
- Trump rebrands Department of Defense as 'Department of War'
- Protesters storm Discaya compound for second straight day
- PH, Japan conduct search and rescue exercises
- Co out of country for medical reasons
- New judge to handle Dengvaxia cases named; hearing set
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- Israel expects 1 million Gazans to flee new offensive
- US agents arrest 475 in Hyundai-LG plant raid
- Putin tells Xi China-Russia ties are at 'unprecedented level'
