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://lfd-dr-hjd-ayit.xs888999.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.
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- Giovanni Lopez pledges to continue and expand DOTr reforms
- 15 drug war victims cleared to join Duterte's ICC case
- Maduro calls for dialogue hours after Trump’s threat
- IBP to form good governance panel
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Chinese tourist city Sanya shuts down as typhoon intensifies
- Israeli army: Gaza City now 'a dangerous combat zone'
- President asks governor to expose irregularities in govt projects
- BuCor chief calls for major reforms
