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://tabclysn.052298.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.
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.
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- PH to see ‘blood moon’ Sept. 7-8
- No peace without end to hostilities –Arab bloc
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Marcos opens Hyundai's shipyard in PH
- Fewer Chinese ships seen in Ayungin Shoal
- ‘40% of Filipinos obese’
