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, This news data comes from:http://dbhmaiw.ycyzqzxyh.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.
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.
- Tourists dice with danger on Hanoi's train street
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Israeli strikes in Yemen's capital kill six, Houthis say
- DSWD program reduced hunger
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Supreme Court: It’s work as usual in judiciary
- NKorea could produce ten to twenty nukes per year — SKorea leader
- President Marcos Jr. visits Cambodia to strengthen ties
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Russian drone, missile attack kills 14, injured 48 in Kyiv
