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://gangzhifhm.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.
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 week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Marcos signs laws creating more court branches
- House starts flood control probe
- Over 800 killed as quake rocks Afghanistan
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Taiwan: China illegally deploying oil rigs in its waters
- Mexican senators come to blows after heated debate
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- Unnamed skeletons? US museum at center of ethical debate
- Lookout bulletins out vs Atong Ang, Barretto
- Comelec defers reconstitution of BARMM parliamentary districts
