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://052298.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.
Gasoline, diesel prices to increase by P1 next week
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.
- House tackles P881B public works budget amid flood control anomalies
- SpaceX scrubs latest Starship launch due to bad weather
- Philippines presses call for ceasefire in Gaza
- DBP launches P50M program for education
- Modi: India, Japan to 'shape the Asian century'
- Red Cross head says mass evacuation of Gaza City 'impossible'
- US appeals court blocks Trump's use of wartime law for deportations
- Afghanistan earthquake kills more than 800
- South Korea to ban mobile phones in school classrooms
- Government work, classes on Tuesday suspended due to bad weather
