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://yamato-syokunin.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
- Vietnam marks 80th independence anniversary with huge parade
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Pope Leo meets LGBTQ+ Catholic advocate and vows continuity with Pope Francis' legacy of welcome
- Housing secretary declares 'zero-tolerance' policy on corruption
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- Pope declares 'God's influencer' first millennial saint
