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.
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.
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.
- Discaya’s construction companies competed against each other during biddings
- House justice panel to probe US' extradition request for Quiboloy
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Marcos opens Hyundai's shipyard in PH
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Pagasa sees cyclone-free week across PH
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
