Philstar
Gas prices up by P1.40, diesel by P1.20
Fuel prices are set to increase again starting Tuesday, April 1, 2025, with gasoline prices rising by P1.40 per liter and diesel and kerosene by P1.20 per liter.
Major oil companies including Shell Pilipinas, Cleanfuel, Seaoil, Petro Gazz, and Caltex have announced these price adjustments.
Analysts attribute these increases to developments in the United States, such as tariff wars and sanctions on Iran, as well as OPEC+ plans for oil production cuts.
The Department of Energy - Oil Industry Management Bureau had previously forecast substantial increases due to factors like US sanctions on Iran, potential tariffs on Venezuelan crude oil, and ongoing Russian attacks on Ukrainian energy infrastructure.
Last week, fuel prices saw an increase of P1.10 per liter for gasoline and P0.40 per liter for diesel and kerosene.
As of March 25, 2025, the year-to-date net adjustment for gasoline and diesel is an increase of P3.25 per liter, while kerosene has seen a net decrease of P0.30 per liter.
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Motorists are anticipating fuel price increases next week, with gasoline expected to rise by P1.20 to P1.40 per liter, diesel by P1.00 to P1.20, and kerosene by P1.00 to P1.20.
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Fuel prices for gasoline, diesel, and kerosene will increase starting Tuesday, March 25, 2025, ending three consecutive weeks of price reductions.
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Filipinos are bracing for another round of oil price increases in the second week of April, with gasoline and diesel prices expected to rise.
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