The Daily Tribune
Pump price rollback set
Fuel prices for gasoline and diesel will decrease by P0.10 per liter, and kerosene by P0.30 per liter, effective Tuesday, February 11, 2025.
Major oil companies including Shell Pilipinas, Seaoil, CleanFuel, and Caltex will implement these price adjustments.
This marks the third consecutive week of rollbacks for diesel and kerosene.
The Department of Energy-Oil Industry Management Bureau attributed the decline to several global factors, including Saudi Aramco's price hike for Asian buyers, declining production from Iran and Nigeria, market reactions to US tariff policies, weaker US demand, and former US President Donald Trump's agreement to delay steep tariffs on Mexico and Canada.
Saudi Aramco announced an increase in prices for Asian buyers for March delivery due to rising demand from China and India, compounded by US sanctions disrupting Russian supply.
However, the market remains watchful of potential supply disruptions from Iran and the impact of US sanctions on Russian oil exports, which have contributed to higher Saudi crude prices for Asian buyers.
With this week's adjustments, the total net increase for 2025 stands at P3.25 per liter for gasoline, P3.55 per liter for diesel and P2.60 per liter for kerosene.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
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.
Motorists can expect a rollback in fuel prices next week, with gasoline possibly seeing no adjustment or a slight decrease of up to P0.10 per liter.
Read more →
Effective February 4, gasoline prices will increase by P0.70 per liter, while diesel and kerosene will decrease by P1.15 and P0.90 per liter, respectively.
+4
Read more →
Fuel prices are set to increase starting Tuesday, February 18, 2025, with gasoline and diesel prices going up by PHP0.80 per liter, and kerosene by PHP0.10 per liter.
+2
Read more →
Filipinos can expect higher fuel prices next week, with potential per liter hikes of P0.45 to P0.75 for gasoline, P0.30 to P0.60 for diesel, and P0.15 to P0.30 for kerosene.
+1
Read more →