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., This news data comes from:http://www.771bg.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.
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- UK's mass facial-recognition roll-out alarms rights groups
- Dizon to order DPWH officials to submit courtesy resignation
- DSWD program reduced hunger
- Macron's decision to recognize Palestinian state angers Israel and the US
- Comelec probes 15 govt contractors over 2022 election donations
- Maduro calls for dialogue hours after Trump’s threat
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
