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., This news data comes from:http://gudvdvtq.ycyzqzxyh.com
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.
- PNP chief Torre relieved, Nartatez to take over
- La Niña may return but temperatures will remain high, UN says
- Bishops demand broad probe into flood project corruption
- Lacson: Torre 'acted beyond his authority'
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- Peace efforts in limbo as Kyiv mourns 23 dead
- Escudero urges list of unfundable projects for 2026 budget
- Marcos signs mining tax regime law
- CFO moves office from QC to Pasay
- Indonesia turns down ear-splitting 'haram' street parties
