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.
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.
Pump prices increase for 2nd straight week, This news data comes from:http://redcanaco.com
- Trump escalates crackdown threats with Chicago 'war' warning
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- South Korea to ban mobile phones in school classrooms
- Woman accused of murdering her children faces New Zealand trial
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Kris Aquino is alive, says friend amid reports of death
- Nartatez vows to be fair in making reassignments
- 11 foreigners killed in Portugal funicular crash
- Search for survivors after Afghan earthquake kills 800
