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.
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 news data comes from:http://771bg.com
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
- Suspect in 2012 killing of Dutch aid worker freed
- Go files housing development bill
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- ERC amends net-metering rules to expand renewable energy options
- DPWH told to build evacuation centers
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Quezon City hails directive for national projects to get local permits
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Gasoline, diesel prices to increase by P1 next week
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
