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.
Gasoline, diesel prices to increase by P1 next week
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., This news data comes from:http://redcanaco.com
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.
- Trump wants to meet Norea Korea's Kim again
- Washington makes military aid overtures to Sahel juntas
- 15 drug war victims cleared to join Duterte's ICC case
- P270M rock shed useless – Marcos
- SC orders comment on petitions vs polls
- Lacson: House can't return proposed 2026 budget to Palace
- FBI raids home of Trump critic, former adviser
- China races to build world’s largest solar farm
- One in four people lack access to safe drinking water – UN
- Drug war whistleblower Royina Garma returns to PH after US detention
