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://www.ycyzqzxyh.com
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.
- Macron's decision to recognize Palestinian state angers Israel and the US
- Indonesian police officer fired over killing that sparked protests
- South Korean prosecutors indict Yoon's wife, former PM
- Can a giant seawall save Indonesia's disappearing coast?
- Opponents of Japan PM seek leadership contest
- Arjo Atayde, Vice Ganda, Marian Rivera win top acting honors at 73rd FAMAS Awards
- Planning via ‘gender lens’ to make cities more inclusive — expert
- Thai opposition's kingmaking summit fails to back new PM
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
