Philstar
Net fuel price hike breaches P20 per liter in November
Filipino consumers are bracing for higher fuel costs as oil companies announced significant price increases effective November 4.
Shell Pilipinas and Caltex will both implement a P1.70 per liter hike for gasoline, a P2.10 per liter increase for kerosene, and a P2.70 per liter rise for diesel.
This price surge is attributed to fresh sanctions imposed on two Russian oil firms, sparking concerns about potential global oil supply disruptions.
The market's anxiety over a tighter global oil supply is seen as the primary driver behind the latest price adjustments.
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Pump prices of petroleum products are set to climb today, October 28, 2025, with diesel rising by P2.00 per liter, gasoline by P1.20 per liter, and kerosene by P1.70 per liter.
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The Department of Energy (DOE) has projected a significant increase in oil prices in the Philippines starting next week, citing eased trade tensions between the US and China as a key factor.
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