Fuel price hikes expected to continue in next few weeks —DOE exec

6/8/2022 3:48:00 AM

Fuel price increases, already a burden to motorists and public utility vehicle (PUV) drivers, are expected to continue in the next few weeks, an official of the Department of Energy (DOE) said Wednesday.

Fuel price increases, already a burden to motorists and public utility vehicle (PUV) drivers, are expected to continue in the next few weeks, DOE’s Oil Industry Management Bureau director Rino Abad said.

Fuel price increases, already a burden to motorists and public utility vehicle (PUV) drivers, are expected to continue in the next few weeks, an official of the Department of Energy (DOE) said Wednesday.

“Itong tuloy-tuloy na pagtaas ay may expectation po tayo na mangyayari at mangyayari sa mga susunod na week [We are expecting these increases to continue in the next few weeks],” he said.Abad cited the European Union’s ban against oil importation from Russia, the potential surge of demand for fuel during the summer season in the Northern Hemisphere, and the ongoing Ukraine-Russia conflict.

According to him, the three previous rollbacks were due to the recent lockdown in Beijing and Shanghai in China."Ngayon, palabas na ang China sa lockdown [lockdown in China is almost over]."Higher in PalawanAsked if the reported P100 per liter of fuel price in Puerto Princesa, Palawan, could also happen in Metro Manila, Abad explained that the price in Palawan is usually P6 to P8 higher due to lack of import terminals and transportation cost.

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