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://www.jyxingfa.com
Gasoline, diesel prices to increase by P1 next week
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.
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.
- Israeli protesters demand hostage deal as cabinet meets
- Venezuela builds up border security over US warships
- 13 massage therapists robbed, 2 cry rape
- Putin vows not to back down in Ukraine
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- CFO moves office from QC to Pasay
- 4 of 15 contractors on Marcos list have clean records – DPWH
- 25 countries suspend postal services to US over tariffs – UN
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- PH economic losses hit 100B from corruption in flood control projects
