Fuel price hike seen next week

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2 weeks ago

Fuel price hike seen next week

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00:00After price rollbacks, an increase in the prices of petroleum products is expected next week.

00:05Gasoline prices are expected to rise by 65 to 90 centavos per liter. Meanwhile, diesel and

00:12kerosene prices may hike by 95 centavos to 1 peso and 10 centavos per liter. This forecast is based

00:20on industry estimates from oil trading in the past four days. Rising tensions in the Middle East,

00:26a reduction in OPEC's 2024 demand growth forecast and shifts in U.S.

00:31monetary policy have led to the latest increase in pump prices.

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