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Breaking news and stories from the Philippines and abroad:
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TikTok: https://www.tiktok.com/@gmanews
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NewsTranscript
00:00Beep, beep, beep! There's an additional reduction in the price of some oil products next week.
00:05According to the estimate of the Department of Energy Oil Industry Management Bureau,
00:10based on the four-day trading, there's a price hike in gasoline from 15 to 45 centavos per liter,
00:1810 to 40 centavos per liter of diesel,
00:21while in kerosene, there's a possible rollback of 20 to 30 centavos per liter.
00:27The price hike is said to affect the expected increase in demand for oil products next year
00:34and the ongoing chaos in the Middle East.