Public told to brace for higher oil prices amid Ukraine crisis
"Itong problemang kinakaharap natin is a global problem, hindi lang sa Pilipinas nangyayari 'to so nagkakaroon tayo ng kakulangan sa supply at ang production natin ay hindi nakaka-cope up," Energy Undersecretary Gerardo Erguiza Jr. said. "Expected na tataas pa, but hopefully sabi nga nila, what goes up must come down eventually," he added.