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.
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia., This news data comes from:http://771bg.com
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.
Gasoline, diesel prices to increase by P1 next week
- Eala ousts Day, enters Guadalajara Open final
- Israel warns Hamas to surrender or face 'annihilation'
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- CFO moves office from QC to Pasay
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Marcos declares holidays for 2026
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- Mandela grandson says he will join Gaza aid boat
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- 13 massage therapists robbed, 2 cry rape
