Oil price hike set Aug. 20
Oil price hike set Aug. 20
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00:00Big-time oil price hike will be implemented by oil companies tomorrow August 20. Shell, Sea Oil, and Caltex will increase the price of gasoline by 1 peso per liter, diesel by 1 peso and 20 centavos per liter, while kerosene prices will also go up by 1 peso per liter.
00:19PTT, Petro Gas, and Clean Fuel will implement the same price increase for gasoline and diesel.
00:26Imported oil prices are rising due to potential supply disruptions from the Israel-Hezbollah
00:32conflict in the Middle East and OPEC's decision to cut supplies.
00:36This could lead to further oil price hikes if the situation escalates.