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://xs888999.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.
- Thai opposition holds kingmaking summit deciding new PM
- Pacifist Japan struggles to boost troops as China anxiety grows
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Earthquake kills 250, injures 500 in Afghanistan
- LPA may still develop into short-lived tropical cyclone
- Duterte’s defense team outlines ICC strategy
- Social pension eyed for indigent seniors
- No winner in Grand, Megalotto draws for Aug 27
- Zelenskyy meets European leaders on Ukraine security guarantees
- Konektadong Pinoy Bill has lapsed into law — Palace
