Oil firms hike fuel prices again, fifth straight week
Oil companies will raise gasoline prices by PHP1.90 per liter and diesel by PHP1.50 per liter starting Tuesday, marking the fifth consecutive week of price hikes.
Kerosene prices will also increase by PHP2.50 per liter for some firms.
The International Energy Agency projects higher crude oil prices due to falling inventories, OPEC+ production cuts, and increased global demand.
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