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://uxwwwrhx.gangzhifhm.com
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.
- US appeals court blocks Trump's use of wartime law for deportations
- DoTr seeks higher budget for 2026, requests P531B amid cuts
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Israeli army: Gaza City now 'a dangerous combat zone'
- New mining law to balance profit, ecology
- Govt debt swells to record P17.58T
- Angkas supports DICT's amnesty program for unregistered delivery services
- Israeli protesters call for hostage deal ahead of cabinet meeting
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
