Expected Increase: Another significant fuel price hike is expected next week, following recent increases in global oil prices
Price Adjustments: The Department of Energy (DOE) has announced that gasoline prices may rise by P0.60 to P0.85 per liter, diesel by P1.45 to P1.70 per liter, and kerosene by P1.85 to P1.90 per liter
Global Market Trends: The price hike is attributed to developments in the global oil market, including optimistic demand forecasts from the US Energy Information Administration and OPEC
Industry Estimates: Oil companies typically announce price changes every Monday, effective the next day
Impact on Consumers: The fuel price hike may lead to increased transport costs and higher prices for goods and services, adding to the burden on consumers already dealing with recent electricity rate increases
