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.
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://si-aq-add-rktd.yamato-syokunin.com
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.
Gasoline, diesel prices to increase by P1 next week
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Go files housing development bill
- Leviste files charges against DPWH engineer who tried to bribe him
- Read to reduce sentence, Uzbekistan tells prisoners
- Thai cannabis-championing tycoon takes office as PM
- US strike marks shift to military action against drug cartels
- LPA may still develop into short-lived tropical cyclone
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- ‘Discayas’ collaborators in BOC to be prosecuted’
- Estrada, Villanueva tagged in House flood control mess, says 'SOP was 30%'
