Philstar
Pump prices down today
Filipinos can expect fuel price reductions this week, with gasoline prices cut by 70 centavos per liter, diesel by 10 centavos per liter, and kerosene by 80 centavos per liter.
This marks the second consecutive week of price rollbacks.
The price adjustments are attributed to eased geopolitical tensions between Israel and Iran, which reduced worries over oil supply disruptions.
The potential reimposition of US tariffs is also a factor, as it could dampen fuel demand.
However, these week's adjustments were lower than earlier projections due to elevated freight and premium levels.
Since January, gasoline, diesel, and kerosene prices have increased by P8.30, P9.95, and P1.05 per liter, respectively.
Last week saw larger price cuts per liter: P1.40 for gasoline, P1.80 for diesel, and P2.20 for kerosene.
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Oil companies are expected to implement a rollback in fuel prices starting July 8, with gasoline prices to be reduced by P0.70 per liter and diesel by P0.10 per liter.
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Filipino motorists are set for a second consecutive week of fuel price rollbacks, with Jetti Petroleum projecting potential price drops of P0.20 to P0.40 per liter for diesel and P0.80 to P1.00 per liter for gasoline.
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Filipino consumers should anticipate a fuel price increase next week, with estimates suggesting hikes of around P0.50 per liter for gasoline and over P1 per liter for diesel and kerosene.
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Several oil companies in the Philippines will implement price increases on fuel products starting Tuesday, July 15, 2025, ending a two-week streak of price rollbacks.
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