Oil prices projected to increase by as much as P4/liter next week

ABS-CBN News

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img alt='Motorists queue for fuel at a gas station in Quezon City on April 19, 2022, after another oil price hike. The price hike resumes after two weeks of rollback as the price of crude oil remains volatile in the world market. Mark Demayo, ABS-CBN News' src='https://sa.kapamilya.com/absnews/abscbnnews/media/2022/news/05/07/20220419-oil-rice-hike-md-947.jpg' ><figcaption>Motorists queue for fuel at a gas station in Quezon City on April 19, 2022, after another oil price hike. The price hike resumes after two weeks of rollback as the price of crude oil remains volatile in the world market. Mark Demayo, ABS-CBN News</figcaption></figure></div>MANILA – Gas prices will again increase by about P4 per liter in the latest oil price hike forecast for next week. Diesel prices could increase by P3.80 to P4 per liter. Gasoline prices could post an estimated P4.30 to P4.50 hike, and kerosene could go up by about P4.70 to P4.90 per liter. According to industry insiders, the failure to keep up with the supply because of the oil embargo in Russia is a factor.Most oil price increases have been attributed to the conflict between Ukraine and Russia, with both sides still at a deadlock in peace talks. – Report from Alvin Elchico, ABS-CBN News

According to industry insiders, the failure to keep up with the supply because of the oil embargo in Russia is a factor.Most oil price increases have been attributed to the conflict between Ukraine and Russia, with both sides still at a deadlock in peace talks. – Report from Alvin Elchico, ABS-CBN News

Diesel prices could increase by P3.80 to P4 per liter. Gasoline prices could post an estimated P4.30 to P4.50 hike, and kerosene could go up by about P4.70 to P4.90 per liter.

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img alt='Motorists queue for fuel at a gas station in Quezon City on April 19, 2022, after another oil price hike. The price hike resumes after two weeks of rollback as the price of crude oil remains volatile in the world market. Mark Demayo, ABS-CBN News' src='https://sa.kapamilya.com/absnews/abscbnnews/media/2022/news/05/07/20220419-oil-rice-hike-md-947.jpg' ><figcaption>Motorists queue for fuel at a gas station in Quezon City on April 19, 2022, after another oil price hike. The price hike resumes after two weeks of rollback as the price of crude oil remains volatile in the world market. Mark Demayo, ABS-CBN News</figcaption></figure></div>MANILA – Gas prices will again increase by about P4 per liter in the latest oil price hike forecast for next week.

Diesel prices could increase by P3.80 to P4 per liter, while gasoline could post an estimated P4.30 to P4.50 hike next week.

Oil prices projected to increase by as much as P4/liter next week | ABS-CBN News

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Oil prices projected to increase by as much as P4/liter next week

Oil prices projected to increase by as much as P4/liter next week