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, This news data comes from:http://nivt.aichuwei.com
Last week, pump prices of gasoline went up by 70 centavos, diesel by 50 centavos, and kerosene by 30 centavos.
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.
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Marcos to youth: Help in nation-building
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Kris Aquino is alive, says friend amid reports of death
- Mandela grandson says he will join Gaza aid boat
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Japan prince comes of age as succession crisis looms
- Magnitude 5.3 earthquake rocks Dinagat Islands
- AKG chief denies using ‘kidnap’ car for personal purposes
- Venezuela deploys warships, drones as US destroyers draw near
