Citing oil trading in the past five days , an oil industry source told GMA News Online that the price per liter of diesel may increase by P0.60 to P0.80.In a text message, Oil Industry Management Bureau Director Rino Abad said there will be a “more than P1” estimated price adjustment for both diesel and kerosene and an “around P1” hike for gasoline.
Oil companies usually announce price adjustment every Monday, to be implemented on the following day.
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