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Another big-time oil price hike seen next week

Metro Manila (CNN Philippines, July 29) – Fuel prices are expected to go up for the third consecutive week, according to a forecast by Unioil Petroleum Philippines Inc. on Saturday.

Unioil said oil price adjustments are expected from August 1 to 7.

The per liter price of diesel is seen to go up by ₱3.20 to ₱3.40 while the price of gasoline may increase by ₱1.70 to ₱1.90 per liter.

Firms have implemented increases in fuel products in the past two weeks, reaching around ₱2 per liter last July 17.

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