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.
Pump prices increase for 2nd straight week, This news data comes from:http://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.
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.
- Immigration deports 49 South Korean fugitives
- Four children killed by parents in Dominican Republic — police
- Prompt release of educational aids sought
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Trump says he wants to meet North Korea's Kim again
- North Korea's Kim Jong Un travels to Beijing to watch military parade alongside Putin, Xi Jinping
- Van Gogh Museum 'could close' without more help from Dutch govt
- No winner in Grand, Megalotto draws for Aug 27
- Planning via ‘gender lens’ to make cities more inclusive — expert
- New DPWH chief Dizon: "A department can't investigate itself"
