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., This news data comes from:http://erlvyiwan.com
- Marcos approves EO for commission to probe flood project anomalies
- Head of main US health agency abruptly dismissed
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- Sara Duterte calls DPWH flood control Inquiry a 'Zarzuela'
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- Made in China? The remarkable tale of Venice's iconic winged lion
- Lacson replaces Marcoleta as Blue Ribbon panel chairman
- Portugal mourns after Lisbon streetcar accident kills 15
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- House tackles P881B public works budget amid flood control anomalies
