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://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.
- Super Sale: Pag-IBIG offers 40% off on foreclosed assets
- House resolution filed to investigate 'funders' of anomalous projects
- EU massive fine against Google draws Trump’s ire
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Thai court to rule on PM's fate after Hun Sen call leak
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- Bonoan freezes DPWH travel passes
- Japan PM decides to quit as opponents seek leadership election: reports
