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.
Gasoline, diesel prices to increase by P1 next week
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://hnx-pju-ew-jw.ycyzqzxyh.com
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
- Sara Discaya admits owning 28 luxury cars
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Vico Sotto could challenge VP Sara in 2028 race – survey
- Putin facing mounting pressure from the West
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- Fire breaks out in Manila residential area
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Marcos urged to raise WPS resolution at UN
- Budget shortfall narrows in July
