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., This news data comes from:http://jrjr-dy-ph-twk.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.
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- No peace without end to hostilities –Arab bloc
- Japan pledges continued support for Philippine development projects
- Anti-fake news bill filed anew in House
- Mass housing developers laud Pag-IBIG Fund
- Vietnam marks 80th independence anniversary with huge parade
- LBC Express Holdings top executive to retire in Oct.
