Increase in prices of fuel products expected tomorrow

PTVPhilippines

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00:00For motorists, you might want to tighten your belts again this week as another round of pump prices are announced effective tomorrow.

00:09In separate advisories, several petroleum companies announced an increase in the prices of gasoline by 80 centavos per liter,

00:17diesel by 1 peso and 60 centavos per liter, and kerosene by 1 peso and 10 centavos per liter.

00:24The price hikes are said to be caused by the slow recovery of Kazakhstan's 10-gids field.

00:30The rising Iran risk premium and the OPEC plus policy.

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