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Gasoline pump prices up, kerosene down Tuesday, Oct. 14, 2025
Effective October 14, several oil companies will implement a price increase for gasoline by P0.30 per liter, while kerosene prices will decrease by P0.20 per liter.
These price adjustments were announced by oil firms such as Shell Pilipinas, Seaoil, Petrogazz, and Cleanfuel.
The Department of Energy attributed the gasoline price hike to rising business costs and other premium expenses.
The rollback in kerosene prices is due to an oversupply resulting from Iraq's resumption of oil exports from its Kurdish region.
Additionally, OPEC+ has announced an increase in oil production by 137,000 barrels per day for November.
The United States also saw an increase in its oil inventory, according to the DOE.
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