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., This news data comes from:http://www.052298.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.
- Comelec at 85: Garcia vows reforms
- Venezuela builds up border security over US warships
- Sotto files bill to amend party-list system
- Chinese bridge collapse kills at least 12 construction workers
- Israel military says controls 40 percent of Gaza City
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Head of main US health agency abruptly dismissed
- Budget shortfall narrows in July
- Trump moves to limit US stays of students, journalists
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
