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.
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 news data comes from:http://www.xs888999.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- 25 countries suspend postal services to US over tariffs – UN
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Xi says China 'unstoppable' in parade opening speech
- Washington makes military aid overtures to Sahel juntas
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Nartatez relieves Fajardo as PNP spokesman
- Prime minister of Yemen's Houthi-run government killed in Israeli strike
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- IBP to form good governance panel
