Local pump prices per liter of gasoline could hit as high as P86.72 and diesel at P81.10 should global prices continue to increase, the Department of Energy warned Monday.
Oil firms will implement a major price hike on Tuesday, marking the 11th straight week of increases with domestic pump prices already hitting P84.55 per liter in select areas across the country.
Motorists should brace for another round of big hikes in the domestic pump prices of petroleum products in the coming week, which could mark the 11th straight week of fuel price increases, according to projections by Unioil Petroleum Philippines.