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://052298.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Preliminary report on Lisbon funicular accident expected
- No winner in lotto draws for Aug 30
- Choose Ombudsman with integrity, intelligence, insight – Cayetano
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- PH, Japan conduct search and rescue exercises
- Konektadong Pinoy bill lapses into law
- Israel expects 1 million Gazans to flee new offensive
- Marcos declares holidays for 2026
- Xi meets Modi as China and India seek to rebuild ties
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
