Philstar
Mixed fuel price movements seen by yearend
Fuel prices, particularly diesel, are expected to increase starting December 30, according to Jetti Petroleum president Leo Bellas.
Diesel prices may see a hike of P0.30 to P0.50 per liter, while gasoline prices could rise by approximately P0.10 per liter.
Kerosene prices are also expected to go up by P0.10 per liter next week, according to the Department of Energy.
These price adjustments are influenced by the Mean of Platts Singapore prices and foreign exchange rates over the past week.
Global geopolitical risks, such as tightened US sanctions on Venezuela and Ukrainian attacks on Russian oil facilities, are supporting oil prices and raising concerns about potential supply disruptions.
Oil firms are expected to announce fuel price changes on Monday, with adjustments taking effect the following day.
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Fuel retailers in the Philippines are increasing prices for diesel and kerosene by P0.60 per liter starting Tuesday, December 30, 2025, while gasoline prices remain unchanged.
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Motorists can expect lower fuel prices this week, with diesel prices projected to drop by at least P1 per liter ahead of Christmas.
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