Gas prices to go up by P1.20, diesel by P1.10

Pump prices of petroleum products are set to go up again in the coming week, Unioil Petroleum Philippines said Saturday.

In its fuel price forecast for the trading week February 23 to March 1, Unioil said the price per liter of diesel may increase by P1.00 to P1.10. Gasoline prices, meanwhile, may hike by P1.10 to P1.20 per liter.

Oil companies announce price adjustments every Monday to be effective on the next day.

This week, fuel firms hiked prices effective Tuesday, Feb. 16. They hiked gasoline prices at an average of P0.75 per liter and diesel by P1.25 per liter.

Data from the Department of Energy showed gasoline prices range from P38.85 and P50.70 per liter while diesel prices range from P31.30 to P38.80 per liter.

Year-to-date adjustments stand at a net increase of P4.00 per liter for gasoline and P3.90 per liter for diesel.

COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.

Source link

SHARE ME PLEASE!
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply