Fuel prices seen to go up during June 8 to 14 trading week

Pump prices of petroleum products are again expected to go up next week, Unioil Petroleum Philippines said Saturday.

In its fuel price forecast for the June 8 to 14 trading week, Unioil said the price per liter may increase by P0.60 to P0.70.

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

Effective June 1, oil firms implemented a price increase of P0.60 to P0.80 per liter on gasoline and hiked diesel prices by P0.40 per liter.

Year-to-date adjustments stand at a net increase of P9.30 per liter for gasoline and P7.60 per liter for diesel. — DVM, GMA News