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Oil price hike expected to be implemented next week
PTVPhilippines
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12/13/2024
Oil price hike expected to be implemented next week
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Transcript
Display full video transcript
00:00
An increase in the prices of petroleum products is expected next week.
00:04
Gasoline prices could rise up by up to 45 centavos per liter, while diesel may increase
00:11
by up to 40 centavos per liter.
00:13
Meanwhile, kerosene prices could drop by as much as 30 centavos per liter.
00:19
These projections are based on four days of trading, so the actual adjustments may still
00:24
change.
00:25
The DOE attributes the price hikes to the expected increase in global primary energy
00:30
demand and ongoing geopolitical tensions.
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