On August 15, there will be a new increase in the price of oil.

According to a prediction made on Saturday by Unioil Petroleum Philippines Inc., a second round of fuel price increases is anticipated to start next week. Fuel price increases are anticipated from August 15 to August 21, according to Unioil.

Petrol prices per liter may rise by $1.70 to $1.90, while diesel prices are predicted to rise by $1.40 to $1.60. For the sixth week running since July 17, businesses have increased the price of petrol per liter.

Diesel priced up to $4 per liter on August 8 of last year. According to monitoring by the Department of Energy, the price adjustment has resulted in a year-to-date net rise for diesel of 7.10 cents per liter, gasoline of 11.50 cents per liter, and kerosene per liter of 2.60 cents.

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