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.
Gasoline, diesel prices to increase by P1 next week, This news data comes from:http://aichuwei.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.
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- DMW: 19 distressed OFWs return home from Jeddah
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Oil firms to raise fuel prices this week
- Globe: Mobile data helps drive national progress
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Marcos declares holidays for 2026
- Classes suspended in 10 Metro Manila cities due to rains
