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.
Pump prices increase for 2nd straight week
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., This news data comes from:http://ed.aichuwei.com
- Cambodia MPs pass law allowing stripping of citizenship
- 'God's Influencer' to become first millennial saint
- Veteran Thai politician Anutin Charnvirakul wins vote in Parliament to become next prime minister
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Alice Guo faces new cases over POGO land
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- Over 800 killed as quake rocks Afghanistan
- House holds budget review with 21 civil society organizations
- Marcos signs mining tax regime law
- Gasoline, diesel prices to increase again next week
