00:00On the first Tuesday of 2025, there was a big oil price hike.
00:06According to Unioil, the price of each liter of diesel could reach up to P1.40,
00:13while the price of gasoline could reach up to P1.80.
00:18The Oil Industry Management Bureau said earlier that some of the effects of the price hike
00:23include a reduction in the production of countries that will export oil,
00:27and the demand in America and Europe is in the middle of a cold war.
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