Oil price hike effective Christmas eve

PTVPhilippines

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Transcript

00:00Notice to motorists, another price increase on fuel products are expected on Christmas week.

00:06Gasoline prices may increase to 35 to 70 centavos per liter,

00:10while diesel prices may go up to 1 peso and 10 centavos to 1 peso and 40 centavos per liter.

00:17The price per liter for kerosene may increase to 90 centavos to 1 peso.

00:23According to the Department of Energy Oil Industry Management Bureau,

00:26the oil price projection is due to the continuing armed conflict in the Middle East

00:32and production cuts by oil-producing countries.

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