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.
Gasoline, diesel prices to increase by P1 next week, This news data comes from:http://xs888999.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.
- Nartatez rules out 'quota' arrests
- Customs recovers 10 more Discaya luxury cars
- Kneecap to play Paris concert in defiance of objections
- Youth group to SC: Stop postponement of BSKE
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- IBP forms committee on good governance to probe corruption
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- Plea written in blood saves Chinese woman trapped in locked room
- Inflation up 1.5% in August
- DSWD's guarantee letters now accepted in more establishments
