Oil prices soar anew in first days of April

MANILA -- Oil prices are spiking again to start April, driven by supply worries tied to the ongoing Middle East conflict, raising the likelihood of another round of fuel price hikes.

Based on the first four trading days this week from March 30 to April 2, oil prices in the world market jumped by the following amounts:

Diesel - P15/liter increase
Gasoline - P1.20/liter increase
Kerosene - P8/liter increase

Oil prices have been climbing worldwide as the ongoing war in the Middle East continues to cause supply woes.

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