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.
Pump prices increase for 2nd straight week, This news data comes from:http://hl-wiik-wm-lql.aichuwei.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.
- A summit and parade in China may signal a geopolitical shift
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- WBO champ looms as Pacquiao’s next opponent
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- India to develop fighter jet engines with French company
- Comelec: Postponed village, youth elections not in 2026 budget
- Villanueva: Regularize contractual govt workers
