FUEL prices went up Tuesday for the second straight week.
Pump prices increase for 2nd 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.
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.
Pump prices increase for 2nd straight week, This news data comes from:http://705-888.com
- France seized by fears of new political crisis
- Pangilinan pushes coordinated water management
- Housing secretary declares 'zero-tolerance' policy on corruption
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Lacson: Senators not exempt from scrutiny in ghost flood control project scandal
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Mexican boxer Chavez Jr. released from prison pending trial
- Marcos signs law giving 99-year land lease to foreign investors
- SSS rolls out historic pension reform program
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
