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Big time oil price hike seen

MANILA, Philippines (Eagle News)– Oil companies are set to launch another big-time oil price hike on Tuesday (October 11), particularly in diesel and kerosene.

Sources say the increase per liter both in diesel and kerosene would range from P1.50 to P1.60 and P0.75 to P0.90 in gasoline.

The increase is the result of the abnormal movement of the prices of petroleum products in the world market.
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