Manila Bulletin
Brace for higher fuel prices on Tuesday
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.
Oil companies including Shell Pilipinas, PetroGazz, Seaoil, and Cleanfuel have announced these price adjustments.
The Department of Energy's Oil Industry Management Bureau attributes these price fluctuations to ongoing geopolitical uncertainty and trade tensions.
Increased demand for heating fuels due to cold weather in the United States and Europe may also contribute to the price increases.
OPEC+ has extended its production cuts of 2.2 million barrels per day until April.
Jetti Petroleum also notes that potential economic recovery in China and its reduced exports to the region may be impacting supply in other countries, including the Philippines.
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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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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 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 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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