FUEL prices went up Tuesday for the second straight week.
Pump prices increase for 2nd 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://705-888.com
- 40% of Filipinos are now obese, says Health expert
- 1 in 4 people lack access to safe drinking water — UN
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- DILG suspends classes, gov’t work in 17 areas
- US appeals court blocks Trump's use of wartime law for deportations
- Pacifist Japan struggles to boost troops as China anxiety grows
- US and European officials meet to discuss new sanctions on Russia
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
