• 3 weeks ago
Bigtime oil price hike ang nakaamba sa susunod na linggo!


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Transcript
00:00A big-time oil price hike is expected next week.
00:03According to Unioil, the price of 1 peso and 80 centavos is expected to rise to 2 pesos.
00:08The price of diesel is expected to rise to 1 peso and 20 to 1 peso and 50 centavos per liter.
00:17Are motorists still able to make ends meet?
00:20Let's find out with Bernadette Reyes.
00:22Some drivers are already thinking of other ways to increase their income, especially since the oil price hike is expected to rise again next Tuesday.
00:33I will buy a taxi. I don't know if I will go to the market or just walk around.
00:37There's nothing left. We don't have any competitors. There's really nothing left for a taxi.
00:39They should increase the price of oil so that we can make ends meet.
00:45Alfred, who is already a chopper, has already sold his jeep because he even stole his diesel.
00:52It's hard to make ends meet, madam. That's why I don't steal my crude oil anymore.
00:56Some motorists are discarding the idea of comparing the price of what they can save.
01:00It's also heavy because if you add up how many liters are used from Batangas to Manila,
01:06where it's cheap, if it really rises, where it's cheap, that's what they're choosing.
01:11According to the Energy Department, the price of oil in the world market has risen.
01:15This has an effect on the low oil supply in America from the Gulf of Mexico.
01:22OPEC's plan to increase the production of oil in December is also delayed.
01:26The US Federal Reserve's plan to lower the interest rate also has an effect.
01:31Because the exchange rate of Pesos versus Dollars is decreasing,
01:35the cost of importing oil products is increasing and the cost of its transportation is also increasing.
01:41Despite the high price, the group Pistol will not increase the price.
01:46Instead, they are waiting for the time to revisit the Oil Deregulation Law.
01:51The Energy Department has yet to comment on this.
01:53The Magnificent Seven, which is formed by various transport groups in the country,
01:58will help to discuss the possibility of increasing the new fuel subsidy.
02:02I don't want our countrymen to be hurt.
02:05If the price of oil rises, we will take our revenge.
02:12We will study this well.
02:15For GMA Integrated News, Bernadette Reyes, Nakatuto, 24 Hours.

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