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., This news data comes from:http://uj-dmeu-jyc-wh.erlvyiwan.com
Gasoline, diesel prices to increase by P1 next week
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.
- Nepal to block unregistered social media platforms – govt
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Makati distributes Blu Card cash aid
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- 'Ondoy'-level rains swamp Quezon City
- Lacson wants 1-year 'experiment' to break cycle of corruption in the budget process
