Pump prices seen to increase by over a peso per liter | New Day - video Dailymotion

CNN Philippines

Manufacturers are struggling to keep up  with the rising prices of fuel and raw goods.  That's on top of the wage increase recently approved in Metro Manila.  With pump prices set to increase yet again tomorrow a supermarkets group says, manufacturers are seeking a price hike on several food and non-food items.  Currie Cator reports.    Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/  Follow our social media pages:  • Facebook: https://www.facebook.com/CNNPhilippines • Instagram: https://www.instagram.com/cnnphilippines/ • Twitter: https://twitter.com/cnnphilippines

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00:00 Motorists should brace for yet another increase in pump prices.

00:05 Projections show a hike of more than P1 per liter for diesel and gasoline starting August 15.

00:12 This marks the fifth consecutive week of price increases for gasoline and sixth for diesel.

00:18 Every Tuesday, it's increasing. We're barely making any money.

00:23 We're still making around P1,000 but we're just barely making it.

00:29 They want the government to step in and stop the price hikes.

00:33 If they increase the price of gasoline, it's too high. If they decrease it, it's too low.

00:38 Our government is doing nothing.

00:43 I hope the government can do something to reduce the price of gasoline.

00:50 Consumers also feeling the pinch.

00:53 With the rise in food prices going up, other basic goods could follow suit.

00:59 We're selling food items because the food manufacturing industry is more labor intensive.

01:07 Manufacturers want to raise costs so they can implement the wage hike approved for the private sector in Metro Manila.

01:14 Over 40 supermarket items are awaiting the go signal for price hikes from the trade department.

01:20 These include canned goods, instant noodles, coffee and milk whose makers have been asking for increases since last year.

01:28 With the salary increase and price increases, it's unfair not to hold on and not yet allow these guys to increase.

01:37 The trade department says manufacturers want hikes of up to 5% for food and 6 to 10% for non-food items.

01:45 For Roberto, it's not good. Prices are going up.

01:51 I don't think we can lower the prices.

01:54 Kary Gator, CNN Philippines.

Pump prices seen to increase by over a peso per liter | New Day

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