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://sbrd-ap-usfj-hitc.yamato-syokunin.com
Gasoline, diesel prices to increase by P1 next week
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.
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- CFO moves office from QC to Pasay
- South Africa's most vulnerable struggle to find HIV medication after US aid cuts
- Preliminary report on Lisbon funicular accident expected
- Eala ousts Day, enters Guadalajara Open final
- Japan PM decides to quit as opponents seek leadership election
- HFMD cases on the rise
- Customs recovers 10 more Discaya luxury cars
- China displays its weaponry in a tightly controlled military parade
- Leviste files charges against DPWH engineer who tried to bribe him
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
