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.
