Inquirer
Fuel price hikes poised for next week
Oil companies are expected to implement fuel price increases starting January 7, following a price cut at the beginning of the year.
Gasoline prices may increase by P0.40 to P1.10 per liter, and kerosene prices by P0.70 to P0.80 per liter.
Diesel is projected to see the highest increase, ranging from P0.75 to P1.50 per liter.
These price adjustments are attributed to the continued production cuts by OPEC until April, as well as increased demand for heating fuels in the US and Europe due to cold weather.
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Filipino consumers will face the second fuel price increase of 2025 on Tuesday, January 14.
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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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Motorists can expect a rollback in fuel prices starting New Year's Day, with reductions of P0.30 per liter for gasoline and diesel, and P0.90 per liter for kerosene.
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