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://erlvyiwan.com
Pump prices increase for 2nd straight week
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- DPWH exec asked lawmaker to make budget insertions — Lacson
- New Zealand to allow some wealthy foreign investors onto property market
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Seoul says over 300 South Koreans held in US battery plant site raid
- PNP chief Torre relieved, Nartatez to take over
- Supreme Court: It’s work as usual in judiciary
- Government work, classes on Tuesday suspended due to bad weather
- Marcos names acting Ombudsman
- Wife and ally of ousted SKorean president indicted by special prosecutors
