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://ippvj.jyxingfa.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.
Gasoline, diesel prices to increase by P1 next week
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.
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Indonesia protests put spotlight on paramilitary police force
- Discaya says her family owns nine companies
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- House panel defers 2026 DPWH budget until agency submit changes
- Marcos soon to create commission to probe flood control projects
- Malabon averts crisis with garbage deal
- South Korea to ban mobile phones in school classrooms
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- Marcos orders 'sweeping review' of DPWH budget under 2026 NEP
