24 Oras is GMA Network’s flagship newscast, anchored by Mel Tiangco, Vicky Morales and Emil Sumangil. It airs on GMA-7 Mondays to Fridays at 6:30 PM (PHL Time) and on weekends at 5:30 PM. For more videos from 24 Oras, visit http://www.gmanews.tv/24oras.
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NewsTranscript
00:00 Another oil price hike is expected next week.
00:04 The expected increase in price per liter of diesel is expected to be up to Php 1.40,
00:09 up to Php 1.20 for gasoline,
00:13 and up to Php 1.30 for kerosene,
00:17 based on the four-day trading according to the Oil Industry Management Bureau.
00:22 Among those affected by the price hike are the chaos in the Middle East,
00:26 the rise in oil demand in America and India,
00:31 and the production cut of OPEC countries in the second half of the year.
00:37 [Music]