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://ep-qa-iukv-wbg.yamato-syokunin.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.
Gasoline, diesel prices to increase by P1 next week
- House bill seeks to regulate AI use
- Marcos names acting Ombudsman
- Japan PM decides to quit as opponents seek leadership election: reports
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- New DPWH chief Dizon: "A department can't investigate itself"
- Marcos urged to raise WPS resolution at UN
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- DPWH exec fired, 2 others face dismissal over flood control mess
