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://wqr-om-dad-bv.aichuwei.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.
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
- US appeals court blocks Trump's use of wartime law for deportations
- Former DPWH chief denies links to corruption
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Malaysia warns TikTok vs cyberbullying, deepfakes
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Lacson: Torre 'acted beyond his authority'
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- Putin vows not to back down in Ukraine
- PNP chief Torre relieved, Nartatez to take over
- PH to host seafarers’ welfare forum
