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.
- ALPAS Consultancy bags five awards in Philippine Quill debut
- Argentina hunts Nazi-looted painting revealed in property ad
- Police officers face more charges in missing cockfight enthusiasts case
- China displays its weaponry in a tightly controlled military parade
- Thailand’s next PM reaffirms fresh polls promise
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- Globe: Mobile data helps drive national progress
- Gasoline, diesel prices to increase again next week
- Trump health misinformation swirls despite denial
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
