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.
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 news data comes from:http://fnbg.jyxingfa.com
This week, local oil companies implemented increases in gasoline and diesel by P0.70 per liter and P1 per liter respectively.
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Maduro hits ‘illegal’ US troops deployment
- House resolution filed to investigate 'funders' of anomalous projects
- Cebu Pacific to launch direct flights between Cebu and Palawan
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Pagasa monitors LPA off Cavite, may still become tropical depression
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Konektadong Pinoy bill lapses into law
- Konektadong Pinoy Bill has lapsed into law — Palace
- House panel defers 2026 DPWH budget until agency submits changes
