Fuel prices will go up for a fifth straight week on Tuesday, August 8, Unioil Petroleum Philippines said on Saturday.
Unioil said it expects diesel prices to increase by P3.70 to P3.90 per liter, and gasoline by P0.20 to P0.40 per liter.
Last week the per liter price increase for diesel was P3.50, gasoline – P2.10 and kerosene – P3.25.
Oil Industry Management Bureau Assistant Director Rodela Romero of the Department of Energy attributed the increase to the production cut in Saudi Arabia.*