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
These estimates are based on the 4-day trading of Mean of Platts, Singapore, the pricing basis of refined goods in Southeast Asia., This news data comes from:http://www.jyxingfa.com
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.
- IBP to form good governance panel
- Israel flattens high-rise as it tells Gaza City residents to flee
- CFO moves office from QC to Pasay
- HEADLINES: Lacson: DPWH exec sought ‘insertions’ | Sept. 8, 2025
- 'Ondoy'-level rains swamp Quezon City
- 11 foreigners killed in Portugal funicular crash
- Thailand acting PM moves to dissolve parliament — party
- Magnitude 5.1 earthquake rattles Surigao del Sur
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Inoue says taunts 'missed the target' ahead of world title clash
