After several weeks of oil price rollbacks, oil companies are set to reverse the trend with a price hike on Tuesday.
According to market analysts, gasoline will be the most affected among the three major oil products, with an expected increase of more than one peso per liter.
Both diesel and kerosene could see a price hike of around half a peso or less. Oil companies are expected to implement these new price adjustments on Tuesday next week.
For your reference, here are the estimated price increases for the upcoming oil price hike next week:
Gasoline: Php 1.20 – 1.40 per liter INCREASE
Diesel: Php 0.20 – 0.40 per liter INCREASE
Kerosene: Php 0.40 – 0.60 per liter INCREASE
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