After a round of rollbacks, motorists should brace for an increase in fuel pump prices in the coming week, local industry sources said Friday.
Likewise, an oil industry source said that results of the oil trading from June 5 to 8 show that there may be a per liter increase of P1.00 to P1.30 in the prices of diesel.Romero attributed the possible price hike on fuel products to OPEC+’s, particularly Saudi Arabia’s, announcing a reduction in the output target that will take effect from July 1 in a bid to prop up prices.
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