Brace Yourselves: Major Fuel Price Surge Expected Next Week
Manila, Philippines – After a period of price rollbacks, motorists should prepare for a significant increase in the prices of petroleum products in the coming week. The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) has announced that domestic pump prices are set to rise due to recent developments in the international oil market. The Announcement: “We will be expecting an increase in the domestic pump prices of petroleum products by Tuesday next week due to the developments in the international oil market,” DOE-OIMB Director III Rodela Romero said on Friday. Romero pointed to oil trading in the past four days…