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.
Gasoline, diesel prices to increase by P1 next week, This news data comes from:http://bujrxle.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.
- US warship heading toward Caribbean Sea
- Nartatez vows fair assignments, better resource management as new PNP chief
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Pump prices increase for 2nd straight week
- Gasoline, diesel prices to increase again next week
- Planning via ‘gender lens’ to make cities more inclusive — expert
- No winner in lotto draws for Aug 28
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- Taiwan, China locked in historical word war
- N. Korea test-fires two 'new' air defense missiles
