Big-time fuel price hike to greet motorists in 1st week of 2022 –Unioil

A huge increase in the pump prices of petroleum products would likely greet motorists in the first week of 2022, according to projections by Unioil Petroleum Philippines.

In its fuel price forecast for January 4 to 10, 2022 trading week, Unioil said the price per liter of diesel may increase by P2.30 to P2.40.

Gasoline prices, meanwhile, may go up by P1.80 to P1.90 per liter.

Oil companies usually announce price adjustments every Monday, to be implemented on the following day’s morning.

Effective December 28, 2021, fuel firms implemented a price rollback of P0.20 to P0.30 per liter for gasoline and P0.65 per liter for diesel.

Year-to-date adjustments for 2021 stood at a total net increase of P17.65 per liter for gasoline and P14.30 per liter for diesel. — DVM, GMA News