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://erlvyiwan.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.
- ICC postpones Duterte’s confirmation hearing after defense panel cites fitness concerns
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
- Wife and ally of ousted SKorean president indicted by special prosecutors
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- Nartatez rules out 'quota' arrests
- Nartatez vows to be fair in making reassignments
- Searchers retrieve bodies as Afghan quake toll seen to rise
- 11 foreigners killed in Portugal funicular crash
- Israel military says controls 40 percent of Gaza City
- Supreme Court urged to act on fake complaints
