FUEL prices went up Tuesday for the second straight week., This news data comes from:http://ekw.redcanaco.com
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
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.
Pump prices increase for 2nd straight week
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.
- Israel launches new spy satellite in 'message' to enemies
- 'Pink and green' protests call for a reset in Indonesia
- Alice Guo faces new cases over POGO land
- New DPWH chief Dizon: "A department can't investigate itself"
- SSS pension reform program starts in September
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Zelenskyy meets European leaders on Ukraine security guarantees
- Made in China? The remarkable tale of Venice's iconic winged lion
- Trump hails Department of War rebrand as 'message of victory'
- More funding sought for sports commission
