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., This news data comes from:http://scom-vv-tevf-qvs.redcanaco.com
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.
- Fair weather in PH except for isolated downpours — Pagasa
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- President says trust, confidence remain in ex-PNP chief; new position in offing
- Sen. Bong Go files bill for better health worker protection, benefits
- Quezon City launches 'Healthy QC' ordinance to combat childhood obesity
- Israel military says controls 40 percent of Gaza City
- 4 policemen linked to sabungero case slapped with more administrative cases
- Taiwan: China illegally deploying oil rigs in its waters
- US approves .5M in assistance to Nigeria to help address hunger
- A summit and parade in China may signal a geopolitical shift
