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://wl.xs888999.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.
- North Korean leader inspects new missile factory ahead of visit to China
- Konektadong Pinoy Bill has lapsed into law — Palace
- Follow the trucks: Why investors are looking south of Metro Manila
- PH Construction Board asked to address 'accreditation for sale' scandal
- French couple kept panther that roamed nearby rooftops
- 'No way' US troops can invade Venezuela, says Maduro
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- Peace efforts in limbo as Kyiv mourns 23 dead
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- ERC amends net-metering rules to expand renewable energy options
