Big-time oil price hike set next week

PTVPhilippines

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00:00Oil companies are set to hike the pump prices of petroleum products next week.

00:04Diesel prices could rise by 2 pesos and 35 centavos to 2 pesos and 65 centavos per liter,

00:11while kerosene may increase by 2 pesos and 45 centavos to 2 pesos and 55 centavos per liter.

00:18Gasoline prices are anticipated to rise by up to 2 pesos and 30 centavos per liter.

00:25The Department of Energy or DOE attributes the price hikes to rising crude prices

00:29amidst tensions in the Middle East and refinery outages in Indonesia and Malaysia.

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