00:00Motorists will now charge because there is an anticipated oil price hike this week.
00:06Based on the forecast of industry sources and the mean of plant Singapore,
00:1070 to 90 centimoles is possible to be added to each liter of gasoline.
00:1570 centavos to pesos will be increased for each liter of diesel,
00:19while 60 to 70 centimoles for kerosene or gas.
00:24According to the Oil Industry Management Bureau of the Department of Energy,
00:28some of the main reasons for the increase are the ongoing geopolitical situation in Russia,
00:35the low production of oil refinery business in the so-called country,
00:38and the repeated oil production outage in Norway.