00:00For the motorists, the big-time all-price hike is set for next week that will cost almost three pesos per liter.
00:08Now, the motorists are getting excited.
00:11And for the drivers, are they looking forward to the new high-speed passage?
00:15Let's find out with Bernadette Reyes.
00:21Even on weekends, Gary and Buboy go to Masada to earn money and pay for the diesel.
00:27The price of gasoline, diesel, and kerosene will increase on Tuesday.
00:32Our income will be reduced.
00:34We just need to line up so that we don't have to go around.
00:39That's why we need to line up first.
00:42It doesn't matter how much we earn, as long as we have money to spend.
00:46Before the new increase, the price of oil will increase three times next week.
00:52In the account of the Transport Group of Pistón,
00:5490 pesos will be added to the expenses of the drivers for the diesel.
00:58This will add to their income.
01:00If we increase it to 25 pesos,
01:03we will be able to use it for the needs of the family of our drivers.
01:13The other motorists are also determined to find a way.
01:17Discard it.
01:18Let's just find another way to charge that's a bit cheaper.
01:21Sometimes, we just turn off the air conditioner to save money.
01:26That's all.
01:27According to the Energy Department,
01:29one of the reasons for the new increase in prices is the growing shortage in the Middle East
01:34that may be affected by oil exports
01:37and the delay in the delivery of oil as a result of Hurricane Milton.
01:42There is no actual reduction in the supply,
01:45but speculatively, this increase is happening.
01:50Based on the data of the Department of Energy,
01:52the price of oil is slowly decreasing in the Pandaigliga Mercado.
01:56If this trend continues,
01:59motorists may expect a rollback in the coming weeks.
02:03Next week, it depends.
02:05If the price continues to go down,
02:07let's go back to the 70 U.S. dollars per barrel territory,
02:11the 78, 79,
02:13maybe we will have a rollback.
02:15If the price continues to go down,
02:17gasoline is only at 81 U.S. dollars per barrel,
02:19maybe it will go back to 70 U.S. dollars per barrel.
02:22According to Pasang Mazda,
02:24there will be a fuel subsidy for jeepney drivers
02:27so that they can avoid the cost of oil.
02:31Despite the high price,
02:32transport groups are not seeing that the price of oil should also go up.
02:37We will lose a lot of money,
02:39but let's not file a bill first.
02:43Even if we are forced,
02:44we will not talk first about the fuel subsidy.
02:47For GMA Integrated News,
02:49Bernadette Reyes, Nakatuto, 24 Hours.
03:13Bernadette Reyes, Nakatuto, 24 Hours.
03:43Thank you very much.
04:13Bernadette Reyes, Nakatuto, 24 Hours.
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