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.
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., This news data comes from:http://www.aichuwei.com
Gasoline, diesel prices to increase by P1 next week
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.
- Japanese climber, 102, sets Mount Fuji record
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Marcos signs laws creating more court branches
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- New DPWH chief Dizon: "A department can't investigate itself"
- India's Modi meets Japan's Ishiba as he begins Asia tour
- Comelec upholds cancelation of Duterte Youth registration
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- Public Works chief to press criminal charges against Bulacan engineer
