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.
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 news data comes from:http://hjk.yamato-syokunin.com
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.
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Wildfires producing 'witches' brew' of air pollution – UN
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- PH, Australia, Canada hold joint sea drills
- North Korea's Kim in China ahead of massive military parade
- Search for survivors after Afghan earthquake kills 800
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
- House party leaders want to return proposed 2026 budget to Executive
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
