ABS-CBN
Second oil price hike in 2025 to greet motorists next week
Filipino consumers will face the second fuel price increase of 2025 on Tuesday, January 14.
Gasoline prices are expected to rise by P0.70 to P0.90 per liter, diesel by P0.80 to P1.00 per liter, and kerosene by P0.70 to P0.90 per liter.
These adjustments are influenced by decreased oil production from OPEC and Russia, coupled with fears of tightened supply due to China's economic stimulus package potentially increasing Asian demand.
The Department of Energy also cited the cold weather in the US and Europe as a factor boosting fuel demand in those regions.
This follows a previous price hike implemented on January 7, 2025.
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Oil companies are expected to implement fuel price increases starting January 7, following a price cut at the beginning of the year.
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Filipino drivers will face increased fuel costs starting Tuesday, January 14, 2025, with gasoline and kerosene prices rising by P0.80 per liter and diesel by P0.90 per liter.
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Major oil firms are implementing a significant pump price hike effective Tuesday, January 7, 2025, opening the year with increased costs for motorists.
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Motorists should brace for increased fuel prices starting January 7, with gasoline prices set to rise by up to P1.00 per liter, diesel by up to P1.40, and kerosene by up to P1.00.
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Local fuel prices are set for another increase this week, with diesel and kerosene rising by P0.80 per liter and gasoline by P0.90 per liter, starting Tuesday.
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