Fuel price rollback seen next week —Unioil

After rounds of increases, pump prices of petroleum products are seen to rollback in the coming week, Unioil Petroleum Philippines said Saturday.

In its fuel price forecast for March 9 to 15 trading week, Unioil said the price per liter of diesel may go down by P0.40 to P0.50.

Gasoline prices, meanwhile, may decrease by P0.10 per liter.

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

On March 2, fuel firms raised the price of gasoline by P1.00 per liter and diesel by P0.85 per liter.

Data from the Department of Energy showed the price per liter of gasoline range between P45.00 and P65.11 while diesel prices range from P34.95 to P48.75 per liter.

Year-to-date adjustments stand at a net increase of P6.20 per liter for gasoline and P5.70 per liter for diesel. —LBG, GMA News