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://052298.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.
- NHA gives cash aid to families affected by calamity in Manila
- US senators to reinforce 'partnership' with Taiwan
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Dizon requests for immigration lookout order vs ex-DPWH exec
- BuCor chief calls for major reforms
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- ‘Discayas’ collaborators in BOC to be prosecuted’
- President Marcos Jr. visits Cambodia to strengthen ties
- US agents arrest 475 in Hyundai-LG plant raid
