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://705-888.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.
Gasoline, diesel prices to increase by P1 next week
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.
- Lacson clears air over conflict with Marcoleta on flood control probe
- DPWH to revisit budget, to complete revisions within 2 weeks
- In Taiwan, competing narratives over the meaning of China's massive military show
- NATO members to reach 2% defense spending goal this year
- Thai cannabis-championing tycoon takes office as PM
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- MPD announces road closures for Bar exams
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Bonoan freezes DPWH travel passes
- Marcos embarks on three-day state visit to Cambodia
