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Breaking news and stories from the Philippines and abroad:
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NewsTranscript
00:00A new round of oil price hike in gasoline and diesel is expected next week.
00:06Up to 70 cents is the possible price increase for each liter of gasoline,
00:11while up to 60 cents is the possible price increase for each liter of diesel.
00:15It is possible that there will be no change in the price of kerosene,
00:18but if there is, it will decrease or increase by up to 20 cents per liter,
00:24according to the Oil Industry Management Bureau based on four-day trading.
00:28Despite the reasons for the price hike,
00:30US President Donald Trump announced reciprocal tariffs on his trading partners
00:36such as the European Union, China, and Korea.