00:00Tomorrow, the first day of December, the price of LPG will rise in Salubong.
00:04As for Petron, the increase in their LPG is more than P1 per kilo.
00:08That's equivalent to more than P13 in the usual 11-kilogram LPG tank.
00:14This is an effect of the increase in the international contract price of LPG in December.
00:18And there is an additional reduction in oil on the first Tuesday of December.
00:23In the estimate of Unioil, there is a rollback of P10.
00:27Or possibly, there is no increase in the price per liter of diesel.
00:31Possibly, the price of gasoline will rise up to P80 per liter.
00:34According to the Oil Industry Management Bureau of the Energy Department,
00:38the rollback is the result of the ceasefire of Israel and Hezbollah
00:42and the decrease of oil consumption in China.
00:45The oil price hike is due to the unexpected drop in the inventory of crude oil in America.
00:57For more UN videos visit www.un.org
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