Oil prices to hike by at least P5/L once EO 839 is lifted

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Uploaded by on Nov 13, 2009

Ernst Wanten, president and managing director of Total Philippines, told ANC's Business Nightly in the first gap of Friday's interview that oil prices might increase by at least P5 per liter once MalacaƱang lifts Executive Order 839 or the price freeze order on Monday. Oil companies have committed though to implement the increase on a staggered basis.

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