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.
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.
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 news data comes from:http://yybk-wo-whd-qrdk.gangzhifhm.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- UK's mass facial-recognition roll-out alarms rights groups
- Pope meets with Chagos refugees and delivers message about rights of the weak against the powerful
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- DOJ indicts Abra Mining for fraudulent trading
- Need to pee? Japan has QR code for that
- Konektadong Pinoy Bill has lapsed into law — Palace
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- Thailand's ex-PM Thaksin acquitted in royal insult case
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
