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.
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://gyglfs.com
Pump prices increase for 2nd straight week
- Customs officials, employees who aided Discayas will not be spared — Customs chief
- Bersamin letter proves Torre reassignments ‘valid’
- BCDA honored for UN sustainable development goals at Manila Times Awards
- Marcos suspends importation of regular, well-milled rice for 60 days
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Indonesian leader fires ministers of finance and security after deadly protests
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- Xi slams 'bullying' in speech to regional leaders at summit
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Modi, Ishiba agree to boost economic ties
