Fuel price rollback seen next week

Pump prices of petroleum products are expected to go down in the coming week, projections by Unioil Petroleum Philippines showed.

In its fuel price forecast for November 23 to 29 trading week, Unioil said the price per liter of diesel may go down by P1.10 to P1.20.

Gasoline prices, meanwhile, may decrease by P0.90 to P1.00 per liter.

Oil companies usually announce fuel price adjustments every Monday, to be implemented on the following day’s morning.

Effective November 16, 2021, fuel firms implemented a price decrease of P0.90 per liter for gasoline, while no price movement has been effected on diesel.

Year-to-date adjustments to stand at a total net increase of P20.05 per liter for gasoline and P17.50 per liter for diesel. — VBL, GMA News