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://rje.gyglfs.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.
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.
- President Marcos Jr. visits Cambodia to strengthen ties
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Need a pee? Japan has QR code for that
- Israeli army: Gaza City now 'a dangerous combat zone'
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- HEADLINES: DPWH fires Bulacan engineers, blacklists contractors over anomalous projects | Sept. 5, 2025
- Go seeks more support for Filipino athletes
- Marcos urged to raise WPS resolution at UN
- Putin tells Xi China-Russia ties are at 'unprecedented level'
