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://yamato-syokunin.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.
Gasoline, diesel prices to increase by P1 next week
- Discaya says her family owns nine companies
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Housing secretary declares 'zero-tolerance' policy on corruption
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- Discaya’s construction companies competed against each other during biddings
- 1 of 2 suspects in Pasay robbery, rape arrested
- House starts flood control probe
- Passenger with fake Overseas Employment Certificate barred from leaving
