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.
Pump prices increase for 2nd straight week
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, This news data comes from:http://medp-btp-na-dglh.705-888.com
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.
- Comelec probes 15 contractors for illegal campaign donations
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- Trump to blacklist countries for imprisoning Americans
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- NHA gives cash aid to families affected by calamity in Manila
- Students, faculty file complaint against Universidad de Manila president
- Marcos inspects rock shed project in Benguet
- Mexican drug lord faces life in prison after pleading guilty in US court
- Venezuela deploys warships, drones as US destroyers draw near
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
