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.
Gasoline, diesel prices to increase by P1 next week, This news data comes from:http://705-888.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.
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Harold Cabreros takes post as new OCD chief
- Marcos 'ready' to undergo lifestyle check- Palace
- Trump rebrands Department of Defense as 'Department of War'
- ‘Isang’ decelerates as it crosses Quirino, to exit PH Saturday -- Pagasa
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- Israel city honors Quezon’s wartime rescue of Jews
- A summit and parade in China may signal a geopolitical shift
- WBO champ looms as Pacquiao’s next opponent
