INQToday: Signal No. 2 up as Tropical Storm Kiyapo moves closer to PH

Here’s a quick roundup of today’s top stories:

1. Signal No. 2 up as Tropical Storm Kiyapo moves closer to PH

Tropical Cyclone Wind Signal No. 2 is raised over four areas as Tropical Storm Kiyapo moves closer to extreme Northern Luzon on Friday, July 24.

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Motorists may again face another hefty fuel price hikes of up to P6.50 per liter next week amid growing supply concerns.

Jetti Petroleum president Leo Bellas said Friday that diesel may jump by P6 to P6.50 a liter.

The Philippine peso sank to a fresh record low on Friday as investors flocked to the US dollar after oil prices rebounded above $100 a barrel on renewed Middle East tensions, fueling fears of another inflation shock.

The peso opened at 61.80 to the dollar before weakening to an intraday low of 61.845, eclipsing Wednesday’s record low of 61.75.