ABS-CBN
Slight cuts in oil prices expected next week
Motorists can expect a rollback in fuel prices next week, with gasoline possibly seeing no adjustment or a slight decrease of up to P0.10 per liter.
Diesel prices may decrease by P0.00 to P0.20 per liter, while kerosene could be rolled back by P0.00 to P0.20 per liter.
These anticipated price adjustments are based on international trading data and influenced by global oil market factors.
Key factors influencing the rollback include increased oil demand from China and India, and the market's digestion of US tariffs.
Saudi Aramco's price increase for March delivery to Asia was also cited as a factor.
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News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Fuel prices for gasoline and diesel will decrease by P0.10 per liter, and kerosene by P0.30 per liter, effective Tuesday, February 11, 2025.
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Effective February 4, gasoline prices will increase by P0.70 per liter, while diesel and kerosene will decrease by P1.15 and P0.90 per liter, respectively.
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Filipinos can expect higher fuel prices next week, with potential per liter hikes of P0.45 to P0.75 for gasoline, P0.30 to P0.60 for diesel, and P0.15 to P0.30 for kerosene.
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