Unioil forecast: Fuel prices to go up next week

Motorists should brace for higher cost of fuel in the coming week as pump prices are seen to go up for another round, Unioil Petroleum Philippines said Saturday.

In its fuel price forecast for February 16 to 22 trading week, Unioil said the price per liter of diesel may go up by P1.20 to P1.30.

Gasoline prices, meanwhile, are expected to increase by P0.70 to P0.80 per liter.

Oil companies usually announce fuel price adjustment every Monday to be effective on the following day.

This week, fuel firms implemented their price increase effective February 9, 2021. Gasoline has increased by P0.85 per liter and diesel by P1.10 per liter.

Data from the Department of Energy showed the price per liter of gasoline range between P38.60 and P54.97, while diesel prices range from P30.80 to P38.37 per liter.

Year-to-date adjustments to stand at a net increase of P3.25 per liter for gasoline and P2.65 per liter for diesel. -MDM, GMA News