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.
Gasoline, diesel prices to increase by P1 next week
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., This news data comes from:http://kdtk-bom-dqow-kmy.gangzhifhm.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- House starts flood control probe
- Japan accelerates missile deployment amid rising regional tensions
- Unnamed skeletons? US museum at center of ethical debate
- Discaya companies' licenses revoked for bid-rigging
- Xi and Putin round on West at regional summit in China
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- PH to host seafarers’ welfare forum
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
