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Oil prices seen to jump by ₱2 next week

Metro Manila (CNN Philippines, January 5) — Fuel firms are expected to implement a big-time oil price hike next week, according to a forecast by Unioil Petroleum Philippines Inc. on Saturday.

Unioil said the price of gasoline may climb by ₱2.30 to ₱2.50 per liter while diesel may go up ₱1.00 to ₱1.20 per liter.

The price adjustments are expected from Jan. 30 to Feb. 5, it added.

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