A big-time oil price hike is likely to be implemented next week to reflect the movement of prices in the world market.
Based on the estimates of local oil industry players, the price of gasoline will to go up by P1.50 to P1.60 per liter, diesel by P0.25 to P0.35 and kerosene by up to P0.50 a liter.
This will be the sixth consecutive weekly increase as oil firms implement the latest adjustment in oil prices every Tuesday. – Robie de Guzman
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