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Fuel prices going up for third straight week in 2025
Motorists can anticipate a third consecutive weekly increase in fuel prices starting Tuesday, January 21, 2025.
Estimated price adjustments include an increase of P1.60 to P1.80 per liter for gasoline, P2.60 to P2.80 per liter for diesel, and P2.30 to P2.50 per liter for kerosene.
The primary reason for this price hike is the imposition of new US sanctions on Russian oil, which has caused global crude prices to rise.
According to Assistant Director Rodela Romero of the DOE Oil Industry Management Bureau, oil prices increased by $3 to $5 from last Friday to Monday.
She noted that on Thursday, diesel and kerosene prices rose by $2.
These sanctions are affecting Asian countries such as India and China, which are major buyers of Russian oil.
The Philippines imports finished products from China, which could be impacted by these sanctions.
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News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Fuel prices in the Philippines are set for another increase starting Tuesday, January 21, 2025, with gasoline prices rising by P1.65 per liter and diesel by P2.70 per liter.
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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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Local fuel prices are set for another increase this week, with diesel and kerosene rising by P0.80 per liter and gasoline by P0.90 per liter, starting Tuesday.
Read more →