Brace up for skyrocketing oil prices, Duterte warns next president

The next administration will bear the brunt of increasing oil prices brought by the ongoing Russia-Ukraine conflict, President between the two countries could cause skyrocketing oil prices.Rodrigo R. Duterte said.

Duterte, in his speech in Clark, Pampanga, warned his successor to brace up for the possibility that escalating tensions

“Talagang magdaan tayo ng hirap kaya nagpasalamat ako sa Diyos na magtapos na ako. Bilisan na lang niya ang mga araw kasi kawawa talaga itong susunod tingnan ninyo. Hindi na hihinto ‘yan. Every day, the prices will increase and increase and increase until we can have a stable situation in the whole, lahat ng countries, dito sa Pilipinas, maka-recover,” he said in his speech in Clark, Pampanga,

Duterte said the Russia-Ukraine war risks becoming one of “attrition” in which each side seeks to wear down the other.

“Iyong giyera ngayon, it will not end. It’s an attrition. Iyong patagalan na shooting each other there,” he added.

He raised concerns that the conflict between Russia and Ukraine would escalate to nuclear war.

“‘Pagnuclear na, wala na tayong pag-usapan, wala na tayong i-import pati… Bakit man kayo? Tapos na man lahat,” he said.

Duterte also appealed to transport groups holding protests over fuel price hikes to thoroughly understand the factors driving up oil prices.

“Every time that you complain and go into a demonstration, just make sure that you realize and understand the importance of oil and how it would affect all nations,” he said.

Duterte earlier said Russia’s invasion of Ukraine deserves “condemnation”, describing the ongoing armed conflict as “so brutal”.