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://xhsu-kap-qx-xa.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.
- Israel expects 1 million Gazans to flee new offensive
- Thailand ruling party moves to dissolve parliament
- DOJ issues lookout order vs Atong Ang, others over missing cockfighters
- BuCor chief calls for major reforms
- New law lets foreigner investors lease land for 99 years
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- DSWD allocates P6.2B for livelihood program
- No winner in lotto draws for Aug 23
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
