Philstar
Fuel prices surge by up to P2/L
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.
Several oil companies, including Petron, Jetti, and Seaoil, have announced these price adjustments.
The year-to-date net increases for gasoline, diesel, and kerosene now stand at P16.30, P19.15, and P6.55 per liter, respectively.
The Department of Energy attributes these hikes to new US sanctions on Russia's two biggest oil companies following President Donald Trump's failed attempt to broker a peace deal between Moscow and Kyiv.
Unresolved issues between Russia and Ukraine increase geopolitical risks, leading Chinese state oil majors to suspend Russian oil purchases and refiners in India to prepare to sharply cut Russian crude imports.
Last week, oil firms hiked gasoline by P0.10 per liter and rolled back diesel and kerosene by P0.70 and P0.60 per liter, respectively.
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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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Motorists should prepare for a price increase in gasoline, diesel, and kerosene next week due to ongoing geopolitical tensions.
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