Motorists queue for fuel at a gas station in Pasig City on October 10, 2022, a day before a new round of oil price hike takes effect. Mark Demayo, ABS-CBN News/File
MANILA - Petroleum prices are expected to increase next week by more than P1 per liter, offsetting last week's rollbacks.
Diesel prices will likely increase by P1.20 to P1.50, taking the largest hike among petroleum products.
Gasoline and kerosene prices are also projected to go up by P1.10 to P1.40 per liter.
Experts say this is due to Saudi Arabia's decision to cut oil production.
-- Report from Alvin Elchico, ABS-CBN News
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