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://idqw-igl-yovb-hp.jyxingfa.com
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.
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.
- Argentina hunts Nazi-looted painting revealed in property ad
- House resumes budget briefings
- Quezon City hails directive for national projects to get local permits
- House panel defers 2026 DPWH budget until agency submit changes
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- Rise in HFMD cases due to better reporting, not outbreak
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- Australia's mushroom murderer faces victims' family in court
- Kris Aquino is alive, says friend amid reports of death
