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://bxhm.ycyzqzxyh.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.
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
- Students, faculty file complaint against Universidad de Manila president
- South Korea's Lee faces pivotal test at first summit with Trump
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- MMDA readies for FIVB men’s volleyball
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- President Marcos to attend 80th UN General Assembly in New York
- Washington makes military aid overtures to Sahel juntas
- Eala ousts Day, enters Guadalajara Open final
- Discaya’s construction companies competed against each other during biddings
- Ukraine offers to co-produce drones with Philippines for maritime patrols
