09 Mar Gasoline May Reach P100 Per Liter—PH Energy Secretary
Posted at 11:20h in News 0 Comments
Mga higala! According to Energy Secretary Alfonso Cusi, prices of gasoline may reach up to P100 per liter depending on the increase of oil prices worldwide!
In a recent interview with INQUIRER.net, Cusi said that oil prices are now at around $125 per barrel and our retail and pump prices are already breaching P70.
“Depende kung how much it will go up in the world market. Kasi nga ngayon ang ang price ng… is already at 125 [dollars] per barrel, Dubai price.
Pero ang ating presyo po ng ating retail at pump price natin ngayon is already breaching 70 [pesos].”
He then added that this is why if prices reach about $200 per barrel, gasoline in the Philippines may go up to the said P100 per liter.
For more details, watch: