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://jyxingfa.com
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 week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Chery Tiggo survives Creamline in cardiac five-setter in PVL Invitationals
- New judge to handle Dengvaxia cases named; hearing set
- Anti-fake news bill filed anew in House
- Indonesia, US and allies launch joint military drills
- Mexican drug lord faces life in prison after pleading guilty in US court
- North Korea's Kim Jong Un travels to Beijing to watch military parade alongside Putin, Xi Jinping
- White House fires US health agency head after she refused to quit
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Philippines presses call for ceasefire in Gaza
