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.
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 news data comes from:http://cgk-rr-ivc-pb.erlvyiwan.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Lacson: House can't return proposed 2026 budget to Palace
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- US appeals court finds Trump's global tariffs illegal
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- Mexican senators come to blows after heated debate
- 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
- Israel city honors Quezon’s wartime rescue of Jews
- IBP forms committee on good governance to probe corruption
- Wife of Australian man wanted in police killings urges him to surrender
- Hopes dim for Putin-Zelenskyy peace summit
