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://ysyelfej.gangzhifhm.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.
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Supreme Court: It’s work as usual in judiciary
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Israel flattens high-rise as it tells Gaza City residents to flee
- Police brutality fuels soaring tensions in Indonesia
- DILG denies allegations that PNP chief fired over firearms deal
- No peace without end to hostilities –Arab bloc
- Fears of new political crisis grip France
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- India to probe giant zoo run by son of Asia's richest person
