Big-time fuel price hike seen next week -oil firm

Motorists should brace for another round of increase in the pump prices of petroleum products in the coming week, Unioil Petroleum Philippines said Saturday.

In its fuel price forecast for July 13 to 19 trading week, Unioil said the price per liter of gasoline may go up by P1.10 to P1.20.

Diesel prices, meanwhile, may increase by P0.60 to P0.70 per liter.

Oil companies usually announce price adjustments every Monday to be implemented on the following day.

Effective July 6, fuel firms implement a price adjustment of P0.50 to P0.60 per liter for gasoline and P0.10 per liter for diesel.

Year-to-date adjustments stand at a total net increase of P12.35 per liter for gasoline and P10 per liter for diesel. -MDM, GMA News