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://rrthjpc.erlvyiwan.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.
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 week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- No peace without end to hostilities –Arab bloc
- 500 Internal Server Error
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- No winner in Ultra, Megalotto draws for Aug 29
- Transport chief pushes shame campaign vs errant motorists
- DPWH exec fired, 2 others face dismissal over flood control mess
