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
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., This news data comes from:http://mxvm-wem-pv-og.gangzhifhm.com
- Pakistanis no reprieve from floods yet
- Indonesia turns down ear-splitting 'haram' street parties
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Comelec defers reconstitution of BARMM parliamentary districts
- Kneecap to play Paris concert in defiance of objections
- MMDA readies for FIVB men’s volleyball
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Prince Harry to visit UK on anniversary of queen's death
- Searchers retrieve bodies as Afghan quake toll seen to rise
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
