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.
Pump prices increase for 2nd straight week, This news data comes from:http://aichuwei.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.
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.
Pump prices increase for 2nd straight week
- No winner in lotto draws for Aug 28
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Appointments panel holds first session
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Labubu fans flock to stores after launch of mini dolls
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Nartatez rules out 'quota' arrests
- Iran says open to US nuclear talks, rejects missile curbs
- SSS rolls out historic pension reform program
- Fears of new political crisis grip France
