Philstar
Fuel price cuts greet motorists today
Motorists can expect fuel price rollbacks starting Tuesday, May 13, 2025, with multiple oil companies implementing reductions.
Shell, Caltex, Seaoil, Petro Gazz, Cleanfuel, PTT Philippines, and Jetti announced price cuts of P0.30 per liter for gasoline, P0.90 for diesel, and P1.25 for kerosene (where applicable).
This marks the second consecutive week of price decreases for fuel products.
The Department of Energy attributes the rollback to persistent oversupply concerns following OPEC+'s decision to hike oil production.
Uncertainties regarding US tariffs and optimism surrounding US-China trade talks also contributed to the downward pressure on oil prices.
The latest adjustments bring down the year-to-date net increases of gasoline and diesel to P2.80 and P2.10 per liter, respectively.
Kerosene prices have declined by P3.25 per liter since the start of the year.
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Filipino consumers are set to face a significant fuel price increase next week after two consecutive rollbacks.
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Oil prices experienced a significant drop following OPEC+ nations' decision to implement a substantial production increase, despite existing concerns about oversupply and potential demand reduction due to the US-China trade war.
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