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.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.
Gasoline, diesel prices to increase by P1 next week
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- House bill seeks to regulate AI use
- Opponents of Japan PM seek leadership contest
- Afghan quake death toll surges to over 2,200
- PH, Australia commend ‘impressive’ joint sea drills
- 10 DPWH execs in Bulacan relieved over ghost flood control projects
- Students, faculty file complaint against Universidad de Manila president
- Pump prices go up
- Discaya says her family owns nine companies
- Taiwan: China illegally deploying oil rigs in our waters
- More funding sought for sports commission
