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://qr-sco-kfc-nuik.771bg.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.
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 resolution filed to investigate 'funders' of anomalous projects
- Japan govt seeks to triple spending on drones
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Hontiveros urges probe on Chinese faking Filipino identity
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- PH Construction Board asked to address 'accreditation for sale' scandal
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Indonesia turns down ear-splitting 'haram' street parties
