Mixed movement in fuel prices seen next week

Metro Manila (CNN Philippines, November 5)— Motorists can expect a mixed movement in pump prices next week, according to industry projections.

In its advisory released on Saturday, Unioil Petroleum Philippines said per-liter costs of diesel may be slashed by ₱0.50 to ₱0.60 for the period of Nov. 8-14.

Gasoline prices, on the other hand, may increase by ₱1.10 to ₱1.20 per liter.

Earlier this week, fuel companies implemented minimal cuts in the prices of their products. The Energy Department cited the hike in interest rates of the European Central Bank as one of the factors behind the rollback.