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://bjmr-xw-bcwh-prt.jyxingfa.com
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
- Four children killed by parents in Dominican Republic — police
- Sotto files bill to amend party-list system
- COA probes Iqbal on spending of P1.7B in one day
- Former Bulacan district engineer admits going to casinos
- North Korea's Kim Jong Un travels to Beijing to watch military parade alongside Putin, Xi Jinping
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Kris Aquino is alive, says friend amid reports of death
- PH eyes global partners in biggest railway project
