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://771bg.com
- LPA affects Metro Manila, Mindanao, Visayas
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- DILG suspends classes, gov’t work in 17 areas
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Gasoline, diesel prices to increase by P1 next week
- 'New' position being offered to Torre — Palace
- Macron's decision to recognize Palestinian state angers Israel and the US
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- Filipino fulfills dream of performing with K-pop group before home fans
