Fuel price hike seen next week

Motorists should brace for another round of increase in the pump prices of petroleum products in the coming week, according to projections by Unioil Petroleum Philippines.

In its fuel price forecast for September 14 to 20 trading week, Unioil said the price per liter of diesel may go up by P0.30 to P0.40.

Gasoline prices, meanwhile, may increase by P0.40 to P0.50 per liter.

Fuel companies usually announce price adjustments every Monday, to be implemented in the morning of the following day.

On September 7, oil firms increased the domestic prices of gasoline by P0.50 per liter and diesel by P0.95 per liter.

Gasoline prices range between P47.15 and P60.20 per liter, while diesel prices range from P37.60 to P46.45 per liter.

Year-to-date adjustments stand at a net increase of P13.35 per liter for gasoline and P10.90 per liter for diesel. -MDM, GMA News