OIL price increases have already been done for eight straight weeks since the start of the year, which could possibly go nine straight next week.
Another round of price increase in petroleum products is seen next week, according to Unioil Philippines’ forecast made Saturday, February 26, 2022.
For the March 1-7 trading week, Unioil forecasts that price per liter of diesel may go up by P0.80 to P0.90; gasoline prices, on the other hand, may go up by P0.90 to P1.00 per liter.
Price adjustments by oil companies are usually announced every Monday and implemented the following day.
Last Tuesday, February 22, oil firms announced an P0.80 per liter increase for gasoline, and P0.65 per liter price hike for diesel, for a total net increase of P8.75 per liter for gasoline and P10.85 per liter for diesel.
said that the agency has monitored this week that the
Prices of premium gasoline is now at P70 per liter and about P68 per liter for diesel, according to price monitoring conducted by the .Department of Energy-Oil Industry Management Bureau