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://ycyzqzxyh.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.
Gasoline, diesel prices to increase by P1 next week
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.
- UK, Japan, South Korea endure hottest summer on record
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- New Zealand to allow some wealthy foreign investors onto property market
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- No winner in lotto draws for Aug 28
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Malacañang hits back at VP Duterte's criticism on flood scam probe
