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.
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, This news data comes from:http://xum.gangzhifhm.com
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
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Comelec at 85: Garcia vows reforms to strengthen faith in democracy
- Putin lands in Tianjin for summit hosted by China
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- Marcos confers diplomatic merit award on two ambassadors
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- P1.7-M shabu seized in Taguig buy-bust
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- DSWD program reduced hunger
