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://ltv.jyxingfa.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.
Pump prices increase for 2nd straight week
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.
- Local execs defend law on term of office
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- One in four people lack access to safe drinking water – UN
- Marcos declares holidays for 2026
- CFO moves office from QC to Pasay
- Putin threatens to target Western troops in Ukraine
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Oil firms to raise fuel prices this week
- Sri Lanka ex-president Wickremesinghe hospitalized after arrest
