Oil price hike possible this coming week — dzBB sources

Motorists and commuters may have to brace for higher fuel prices, including regular gasoline and diesel, this coming week.

 

A report on dzBB radio early Saturday quoted sources in the oil industry as saying the price hikes could go up to as high as P1 per liter for gas.

 

The report cited the same sources who said this coming week could see an increase in diesel prices of between 25 to 35 centavos per liter.

 

But it said the oil industry sources also pointed out the price adjustments will still depend on oil price movements this weekend.

 

Earlier this week, oil companies rolled back prices of their fuel products.

 

Petron last Sunday said its rollback "reflects movements in the international oil market.”  — ELR, GMA News