METRO MANILA – Oil firms are seen to impose again big-time price increases this week following last week’s rollback, Unioil Petroleum Philippines said Saturday.
In its fuel price forecast covering March 16 to 22 trading week, it said the price of diesel is expected to increase by P0.80 to P0.90 per liter.
The retail price for gasoline, meanwhile, may go up by P1.10 to P1.20 per liter.
On its website, the Department of Energy (DOE) said fuel companies implemented their price adjustments effective last Tuesday, March 9. Pump prices for gasoline and diesel decreased by P0.10 and P0.35 per liter.
Data from the DOE showed that diesel prices ranged between P34 and P41.41 per liter, while gasoline prices ranged from P41.50 to P55.90 per liter.
Year-to-date adjustments stood at a net increase of P6.10 per liter for gasoline, and P5.35 per liter for diesel.(CNN)
