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://www.ycyzqzxyh.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.
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.
- Israel ups pressure on Gaza City as Trump talks post-war plan
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Islamic State claims deadly attack on Pakistan rally
- Mexican drug lord faces life in prison after pleading guilty in US court
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- DMW: 19 distressed OFWs return home from Jeddah
- Japan accelerates missile deployment amid rising regional tensions
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
