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.
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., This news data comes from:http://www.jyxingfa.com
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.
Gasoline, diesel prices to increase by P1 next week
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
Gasoline, diesel prices to increase by P1 next week
- House tackles P881B public works budget amid flood control anomalies
- Majority of Filipinos unaware of vote buying in 2025 elections, OCTA survey shows
- WorldSkills Asean Manila begins
- Remulla pledges transparency and impartiality as Ombudsman
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Trump moves to cut more foreign aid, risking shutdown
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- Budget shortfall narrows in July
- Marcos signs laws creating more court branches
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
