The Daily Tribune
Gas, diesel up by nearly P2 per liter
Pump prices for gasoline and diesel will increase by P1.80 per liter, while kerosene will go up by P1.50 per liter starting Tuesday, June 17, 2025.
This marks the second consecutive week of price hikes across all fuel types, following two weeks of mixed movements.
Seaoil Philippines Corp. and Shell Pilipinas Corp. announced these adjustments, with Cleanfuel implementing similar changes for gasoline and diesel.
The Department of Energy (DOE) attributed the price uptick to rising international crude costs driven by renewed optimism over US-China trade talks and the ongoing US-Iran nuclear stalemate.
She added that the Organization of the Petroleum Exporting Countries has projected sustained oil demand growth over the next 25 years, while geopolitical tensions-exacerbated by Israel's recent strike on southern Gaza-have also pressured global oil prices upward.
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Motorists should prepare for fuel price increases exceeding P1 per liter starting June 17, 2025, as projected by the Department of Energy.
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Motorists in the Philippines are set to face significant fuel price increases starting Tuesday, June 24.
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The Department of Energy (DOE) warns of a potential price increase for diesel by as much as PHP4.80 per liter next week.
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Fuel prices are expected to rise by almost P2 per liter for diesel and gasoline next week due to Israel's attacks on Iran and ongoing geopolitical tensions.
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Diesel prices in the Philippines are expected to increase by nearly P4 per liter due to escalating geopolitical tensions in the Middle East impacting global oil markets.
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