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

FUEL PRICE HIKE

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<img src="https://news-image-api.abs-cbn.com/Prod/editorImage/172679489075620221010-oil-price-hike-MD--4.jpg" class="fr-fic fr-dib"><span id="isPasted" style="color: rgb(51, 51, 51); letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: pre-wrap; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">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 NewsMANILA -- Oil prices might climb again in the last week of September, after <a href="https://news.abs-cbn.com/business/2024/9/16/oil-prices-down-again-mid-september-917" rel="noopener noreferrer" target="_blank">two weeks of rollbacks</a>, the Department of Energy (DOE) said Friday.Assistant Secretary Rodela Romero of the DOE&#39;s Oil Industry Management Bureau said pump prices may increase by the following amounts:Gasoline - &nbsp;P0.40 to P0.90 per liter Diesel - &nbsp;P0.00 to P0.40 per liter Kerosene - P0.00 to P0.20 centavos per literRomero said the US Federal Reserve&#39;s move to cut interest rate has boosted demand, which drove prices higher.<a href="https://news.abs-cbn.com/business/2024/9/18/us-fed-makes-aggressive-rate-cut-weeks-before-election-633" rel="noopener noreferrer" target="_blank">US Fed makes aggressive rate cut, weeks before election</a>Middle East tensions, decreasing US inventory, and a refinery in Japan undergoing maintenance also pushed prices upward, she said.&nbsp;

<a href="https://news.abs-cbn.com/business/2024/9/18/us-fed-makes-aggressive-rate-cut-weeks-before-election-633" rel="noopener noreferrer" target="_blank">US Fed makes aggressive rate cut, weeks before election</a>Middle East tensions, decreasing US inventory, and a refinery in Japan undergoing maintenance also pushed prices upward, she said.&nbsp;

Gasoline - &nbsp;P0.40 to P0.90 per liter Diesel - &nbsp;P0.00 to P0.40 per liter Kerosene - P0.00 to P0.20 centavos per literRomero said the US Federal Reserve&#39;s move to cut interest rate has boosted demand, which drove prices higher.

<img src="https://news-image-api.abs-cbn.com/Prod/editorImage/172679489075620221010-oil-price-hike-MD--4.jpg" class="fr-fic fr-dib"><span id="isPasted" style="color: rgb(51, 51, 51); letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: pre-wrap; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">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 NewsMANILA -- Oil prices might climb again in the last week of September, after <a href="https://news.abs-cbn.com/business/2024/9/16/oil-prices-down-again-mid-september-917" rel="noopener noreferrer" target="_blank">two weeks of rollbacks</a>, the Department of Energy (DOE) said Friday.Assistant Secretary Rodela Romero of the DOE&#39;s Oil Industry Management Bureau said pump prices may increase by the following amounts:

Oil prices might climb again in the last week of September, after two weeks of rollbacks.

Oil prices might climb again in the last week of September, after two weeks of rollbacks.

Oil prices seen climbing next week: DOE | ABS-CBN News

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Oil prices seen climbing next week: DOE

Oil prices seen climbing next week: DOE