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://www.aichuwei.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.
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.
Gasoline, diesel prices to increase by P1 next week
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.
- DPWH opens foreign-assisted projects to LGUs
- Portugal mourns after Lisbon streetcar accident kills 15
- China to bolster non-Western alliances at summit, parade
- Duterte defense files more motions challenging ICC prosecutor
- Marcos suspends importation of regular, well-milled rice for 60 days
- US and European officials meet to discuss new sanctions on Russia
- No winner in lotto draws for Aug 28
- COA flags fraud in P342M Bulacan flood control projects
- Denmark summons US envoy over 'attempts to influence' Greenland
- Philippines to launch shame campaign vs traffic violators
