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://de-vjen-bct-hsfa.gangzhifhm.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.
- Putin vows not to back down in Ukraine
- Lacson: Torre 'acted beyond his authority'
- Israel military says controls 40 percent of Gaza City
- Motive probed for US shooting that killed two children, injured 17
- IBP forms committee on good governance to probe corruption
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- Israel army urges Gaza City residents to leave
- Gasoline, diesel price hikes seen next week
- Immigration deports 49 South Korean fugitives
- 13 massage therapists robbed, 2 cry rape
