Big-time fuel price hike seen next week —Unioil

Motorists shall 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 February 8 to 14, 2022, Unioil said the price per liter of diesel may increase by P1.10 to P1.20.

Gasoline prices, meanwhile, may go up by P1.00 to P1.10 per liter.

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

Effective January 25, fuel firms hike gasoline prices by P1.45 per liter and diesel by P1.90 per liter.

Year-to-date adjustments stand at a total net increase of P4.95 per liter for gasoline and P7.20 per liter for diesel. —LBG, GMA News