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://yamato-syokunin.com
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.
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.
- Pasig City continues barangay aid for efficiency, ends patronage politics
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Read to reduce sentence, Uzbekistan tells prisoners
- Seoul says over 300 South Koreans held in US battery plant site raid
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Modi, Ishiba agree to boost economic ties
- PH has chance of getting UNSC seat - Manalo
- Philippines presses call for ceasefire in Gaza
