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.ycyzqzxyh.com
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
- Discaya companies' licenses revoked for bid-rigging
- MMDA inks deal with DBM for G-3 program
- South Korean women sue US military in landmark prostitution lawsuit
- Asian voices needed to 'shape agenda' - AVPN chief
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Gomez-Estoesta named court administrator by Supreme Court
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Japan pledges continued support for Philippine development projects
- 'Blood Moon' to rise during total lunar eclipse Sunday night
