00:00And motorists should prepare for another round of fuel price hikes starting Tuesday, April 1st.
00:05Oil companies will raise gasoline prices by 1 peso and 40 centavos per liter
00:10and kerosene and diesel prices by 1.20 pesos per liter.
00:14Last week, gasoline prices also increased by 1 peso and 10 centavos per liter
00:20while diesel and kerosene prices rose by 40 centavos per liter.
00:24Energy Assistant Director Rodela Romero said
00:27the main reason for the price spike is concerns over global supply
00:31due to the sanctions on Iranian and Venezuelan oil.
