Oil Price hike, kasado na sa Martes

PTVPhilippines

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00:00Motorists, get ready because there's an oil price hike coming this coming Sunday.

00:06Based on the forecast of industry sources and MENA Platts Singapore,

00:11it's possible to add 70 to 90 centimers to every liter of gasoline.

00:1670 centibles to pesos will be increased for every liter of diesel,

00:22while 60 to 70 centimers for kerosene or gas.

00:27According to the Oil Industry Management Bureau of the Energy Department,

00:31some of the main reasons for the increase are the geopolitical situation in Russia,

00:37the low production of oil refinery business in the country,

00:41and the oil production outage in Norway.

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