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., This news data comes from:http://www.052298.com
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.
Gasoline, diesel prices to increase by P1 next week
- SSS pension reform program starts in September
- Thousands protest in Indonesia as military deployed in capital
- No winner in lotto draws for Aug 28
- Bonoan resigned due to command responsibility — Marcos
- UK police arrest hundreds in latest Palestine Action demo
- DMW: 19 distressed OFWs return home from Jeddah
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
- ‘God’s Influencer’ to become first millennial saint
- No winner in Grand, Megalotto draws for Aug 27
- Police officers face more charges in missing cockfight enthusiasts case
