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MB Daily News Update: Huge fuel price increase expected next week

Published Oct 8, 2022 04:45 pm

The price of diesel could go up by as much as P6.20 per liter, while kerosene and gasoline will also cost more next week as the peso continued to depreciate against the dollar, and the Organization of Petroleum Exporting Countries (OPEC) decided to cut oil production.

A Commission on Audit (COA) finding showed the government-owned and -controlled corporations (GOCCs) incurred P691.7 billion in losses in 2021, and this will be included in the agency’s report to President Ferdinand “Bongbong” Marcos Jr.

Meanwhile, the President lamented the tragedies that struck neighboring countries Indonesia and Thailand – a stadium stampede that killed 134 people, and a pre-school massacre that claimed the lives of 37 people, including, 34 children.

These are among the top stories in the Manila Bulletin roster of reports this Saturday afternoon, Oct. 8, 2022.

READY FOR ‘LA NAVAL’ – Dominican nuns prepare one of the carriages bearing the statues of saints at the Sto. Domingo Church in Quezon City on Saturday, Oct. 8, 2022 that will be included in the Marian procession in celebration of the Feast of the Holy Rosary – or the La Naval.  The procession, which was put on hold for two years due to the pandemic, will start and end at the Sto. Domingo compound in Quezon City on Sunday, Oct. 9, 2022. (Noel B. Pabalate)
  1. From the Palace
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