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://aichuwei.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.
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- Comelec to resume BARMM polls ballot printing Thursday
- Marcos 'ready' to undergo lifestyle check- Palace
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Trump withdraws Kamala Harris's Secret Service protection
- Comelec defers reconstitution of BARMM parliamentary districts
- Fire breaks out in Manila residential area
- Indonesia, US and allies launch joint military drills
- Two dead as strong earthquake jolts Afghanistan
