FUEL prices went up Tuesday for the second straight week.
The per-liter price of gasoline increased by 70 centavos, diesel by P1, and kerosene by 70 centavos.
The increase was attributed by sources in the local oil industry to oil-related global developments, specifically concerns of supply disruptions after Russia and Ukraine intensified their attacks on each other’s energy infrastructure, the possible impact on supply flows and global economy of the new US tariffs on India, signals from US Federal Reserve of an interest rate cut, and a large drawdown in US crude and fuel inventories.
Last week, pump prices of gasoline went up by 70 centavos, diesel by 50 centavos, and kerosene by 30 centavos.
Pump prices increase for 2nd straight week
Since January, the price of gasoline has risen by P12.80 per liter, diesel by P13.35 per liter, and kerosene by P2.75 per liter., This news data comes from:http://www.erlvyiwan.com
- Discaya names lawmakers in ‘extortion’
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Go Negosyo, CFO push migrant empowerment
- Prince Harry visits late queen’s grave, stirs King Charles meeting speculation
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Palace rejects China's 'troublemaker' tag
- Legarda pushes Magna Carta of Waste Workers
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Vietnam marks 80th independence anniversary with huge parade
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
