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., This news data comes from:http://dcae-om-himk-lmwb.yamato-syokunin.com
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.
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- No winner in Grand, Megalotto draws for Aug 27
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Israel military says controls 40 percent of Gaza City
- Marcos lauds Alex Eala’s win in Guadalajara
- Lacson: House can't return proposed 2026 budget to Palace
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- MMDA prepares for PH hosting of FIVB
- UK, Japan, South Korea endure hottest summer on record
- Navotas holds anti-plastic drive
