Oil price hike expected this week

Oil price hike expected this week

FILE PHOTO: Fuel dispenser

MANILA, Philippines — There will be another round of price hike in petroleum products this week.

The oil industry players estimated an increase of around P0.20 to P0.30 to prices of gasoline each liter while P0.25 to 0.35 increase is expected for diesel and P0.40 to P0.50 for kerosene.

The oil price hike is also due to the price movement of the petroleum products in the world market. | UNTV News and Rescue

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