Philstar
May 6: Fuel prices down by nearly P1 per liter
Motorists can expect a rollback in fuel prices starting Tuesday, May 6, 2025, with gasoline decreasing by P0.55 per liter, diesel by P0.65 per liter, and kerosene by P0.90 per liter.
Several oil companies, including Shell Pilipinas, Seaoil, CleanFuel, and Caltex, have announced these price adjustments.
The Department of Energy attributes the rollback to Saudi Arabia's expected increase in oil production and a 0.8 million barrel build-up in US crude inventories, heightening oversupply concerns.
Unpredictable US tariff policies are also cited as a factor, having unsettled markets and curbed fuel demand.
These price reductions follow two consecutive weeks of increases, with gasoline, diesel, and kerosene previously rising by P1.35, P0.80, and P0.70 per liter respectively.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
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 are expected to decrease next week, with gasoline potentially rolling back by P0.25 to P0.70 per liter, diesel by P0.30 to P0.80 per liter, and kerosene by P0.50 to P0.70 per liter.
Read more →
Motorists can expect an oil price rollback starting Tuesday, May 6, with specific reductions announced by Caltex, Seaoil, and Shell.
Read more →
Motorists will face fuel price increases for the second consecutive week starting Tuesday, April 29, 2025.
+2
Read more →