Oil prices to go up againDiesel prices will be increased by P0.40 to P0.50 per liter and gasoline by P1.10 to P1.20 per liter, Unioil Philippines said in its forecast. MANILA, Philippines — Oil prices will be increased for the ninth straight week as global prices continue to soar. Diesel prices will be increased by P0.40 to P0.50 per liter and gasoline by P1.10 to P1.20 per liter, Unioil Philippines said in its forecast. In the past trading week, global oil prices ended higher on bullish sentiment about low supplies tamped by concerns from world leaders over persisting demand disruptions due to the COVID-19 pandemic, Reuters reported. Prior to the upcoming price changes, year-to-date adjustments stand at a net increase of P19.65 per liter for gasoline, P18.00 per liter for diesel and P15.49 per liter for kerosene.

Source: Philippine Star October 23, 2021 17:29 UTC