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://gangzhifhm.com
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.
Gasoline, diesel prices to increase by P1 next week
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Marcos lauds Alex Eala’s win in Guadalajara
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- Appointments panel holds first session
- Prime minister of Yemen's Houthi-run government killed in Israeli strike
- Iran says open to US nuclear talks, rejects missile curbs
- Plea written in blood saves Chinese woman trapped in locked room
- CFO office moves from Quezon City to Pasay
- Afghan quake death toll surges to over 2,200
- 'Large shark' kills man off Sydney beach
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
