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Breaking news and stories from the Philippines and abroad:
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NewsTranscript
00:00After the rollback on the last day of 2024, the oil price hike is expected for the first Tuesday of 2025.
00:09The price of diesel can be raised up to one peso per liter, while the price of gasoline can be raised up to 70 cents per liter.
00:18There is also an expectation of an increase in the price of kerosene, up to 80 cents per liter.
00:24According to the Oil Industry Management Bureau of the Energy Department, based on the four-day trading,
00:31the production cut of OPEC-plus countries will be extended until April for various reasons,
00:38and a high demand for oil in America and Europe is expected due to the cold weather.
00:54Thank you for watching!