Oil companies implemented 2nd tranche of oil price hike today

PTVPhilippines

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Transcript

00:00Raymond is already complaining about the diesel price hike.

00:05He said that more than 1,000 pesos is deducted from his earnings just for refueling,

00:11not including the boundary fee of 1,200 pesos that he also needs to pay for.

00:17Nabuwasan lang po yung kita ng konti. Wala man po tayong magagawa, itumas po yung gasolina.

00:22Hindi po natin pwede buwasan yung gasolina kasi kami rin maihirapan eh.

00:26Maano po yung maabala rin po kami.

00:28Tatay Joel also struggles to stretch his 400 peso earnings for his family.

00:34We're going to do the plan so that it may may uwi.

00:37Oil companies implemented the second tranche of the big-time oil price hike today.

00:43Diesel went up by 2 pesos and 60 centavos per liter.

00:48Gasoline increased by 1 peso and 75 centavos per liter,

00:53while kerosene rose by more than 2 pesos per liter.

00:55At this gas station, they implemented the oil price hike this afternoon.

01:00That is why earlier this morning, jeepney drivers rushed to line up and avail of the cheaper diesel.

01:07This gas station also takes into consideration their target market,

01:12as mostly public utility vehicle drivers patronize them,

01:16so they carefully choose the timing of their increase.

01:19Alam mo naman, very sensitive to prices yung mga driver natin ng mga public vehicles.

01:25So, pinipili talaga nila yung mga gas station na mababa yung presyo.

01:29So, we try to keep our prices low.

01:32Despite the second tranche of big-time oil price hike,

01:35there is a strong possibility of a rollback next week

01:39due to the downtrend in oil prices over the past two trading days.

01:43Well, kung titignan yung dalawang trading days movement nung price,

01:53ang estimate po namin to date, dun sa dalawang araw na yun,

01:59ay nagre-resulta ng rollback.

02:04The prices is stabilizing na, especially since nag-announce na ng ceasefire doon sa gera na nakita natin sa mga Israel, pati sa Iran.

02:12Yung world market prices, it's back to before the war started.

02:18So, we'll definitely see a rollback.

02:20According to the Energy Department, there is still no guarantee, though,

02:23that a rollback will be implemented as prices can still change in the remaining days.

02:28Mas maganda kung ganoon.

02:30Bakit?

02:30William Theo for the National TV Network for a new and better Philippines.

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