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://vvmb-dojy-pjh-tgy.jyxingfa.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.
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Trump says he wants to meet North Korea's Kim again
- House resumes budget briefings
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Mexican drug lord faces life in prison after pleading guilty in US court
- PH, Australia commend ‘impressive’ joint sea drills
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- Customs recovers 10 more Discaya luxury cars
- Protesters storm Discaya office in Pasig to demand accountability for 'ghost flood control projects'
- Four children killed by parents in Dominican Republic — police
