Danessa Rivera (The Philippine Star)
- February 23, 2020 - 12:00am
MANILA, Philippines — Oil prices are
seen to slightly increase again this week.
In its forecast, Unioil said
motorists should expect an increase in prices this week.
“Diesel should go up by P0.20 to
P0.25 and gasoline should go up by P0.30 to P0.40,” it said.
In the past trading week, global oil
prices slight rose as the US reported a smaller than expected rise in crude
stocks. However, prices were capped for the week as the market grappled with
the potential impact of the coronavirus on demand, Reuters reported.
Last week, oil companies raised the
prices of gasoline by P0.35 per liter while diesel and kerosene prices were
decreased by P0.10 per liter.
This brought year-to-date
adjustments to stand at a net decrease of P2.80 per liter for gasoline, P4.60
per liter for diesel and P5.94 per liter for kerosene.
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