Philstar
Fuel prices up by P1.10 per liter
Fuel prices for gasoline, diesel, and kerosene will increase starting Tuesday, March 25, 2025, ending three consecutive weeks of price reductions.
Chevron Philippines (Caltex), Seaoil, Shell Pilipinas, Petro Gazz, Cleanfuel, PTT Philippines, and Jetti will raise gasoline prices by P1.10 per liter.
Diesel and kerosene prices will increase by P0.40 per liter, though Cleanfuel, Petro Gazz, PTT Philippines, and Jetti do not sell kerosene.
The price adjustments are attributed to escalating geopolitical tensions, particularly US military strikes on Yemen's Houthi rebels, which reportedly killed at least 53 people and injured nearly 100 more.
China's new fiscal stimulus measures and a decline in US fuel inventories also contributed to the price hike.
The latest adjustments bring the year-to-date net increase for gasoline and diesel to P3.25 per liter, while kerosene prices now have a net decrease of P0.30 per liter.
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