Fuel prices expected to go up this week

Metro Manila, March 6 ------ Diesel and gasoline prices are expected to go up this week, according to forecast.

In its advisory, Unioil Petroleum Philippines said diesel prices will increase by P1.30 to P1.50 per liter while gasoline prices are expected to have a minimal increase of P0.10 to P0.30 per liter. The oil company said the price adjustment will take effect on March 7 until next week, March 13.

According to the Department of Energy (DOE), as of Feb. 28, oil companies have implemented a year-to-date rollback for diesel and kerosene at P2.40 and P2.30 per liter, respectively. Gasoline, on the other hand, has a net increase of P5.30 per liter, the DOE added.

Source: cnnphilippines.com