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://wyacgoi.redcanaco.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.
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.
- Indonesian leader fires ministers of finance and security after deadly protests
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Sotto takes oath as Senate president
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Sara favors punishing officials, lifestyle checks
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- Comelec probes 15 govt contractors over 2022 election donations
- DICT grants amnesty to unregistered delivery firms
- South Korea to ban mobile phones in school classrooms
