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://apomdu.gangzhifhm.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.
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.
Gasoline, diesel prices to increase by P1 next week
- MMDA inks deal with DBM for G-3 program
- Gloria Arroyo files bill to empower Office of the Vice President
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Thailand’s next PM reaffirms fresh polls promise
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- Trump frustrated after thinking he made headway on Russia-Ukraine talks only to see Putin balk
- LBC Express Holdings top executive to retire in Oct.
