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://gunf-ocii-km-jbyw.aichuwei.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.
Gasoline, diesel prices to increase by P1 next week
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia.
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.
- Drones take on Everest's garbage
- Marcos suspends importation of regular, well-milled rice for 60 days
- ‘40% of Filipinos obese’
- US strike marks shift to military action against drug cartels
- House panel defers 2026 DPWH budget until agency submits changes
- Pope Leo: We must listen first before speaking
- 'Pink and green' protests call for a reset in Indonesia
- Immigration deports 49 South Korean fugitives
- Duterte lawyers take aim at ICC prosecutor
- VP Sara lauds Filipino heroes
