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, This news data comes from:http://yamato-syokunin.com
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.
- Hontiveros urges probe on Chinese faking Filipino identity
- Opponents of Japan PM seek leadership contest
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- 2 LPAs monitored inside PAR, bringing rain to Luzon
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Japan accelerates missile deployment amid rising regional tensions
- New judge to handle Dengvaxia cases named; hearing set
- Trump moves to cut more foreign aid, risking shutdown
- President Marcos commits to boosting PH digital infrastructure
