Philstar
Gas price hike, diesel rollback today
Motorists will see a P0.20 per liter increase in gasoline prices and a P0.20 per liter decrease in diesel and kerosene prices starting today, December 16, 2025.
This marks the third consecutive week of gasoline price hikes, bringing the year-to-date net increase for gasoline to P21.30 per liter.
The mixed price adjustments are influenced by global market expectations surrounding potential Ukraine-Russia peace talks and Iraq's restored oil production.
Refineries returning to normal operations after maintenance and potential heavier outflows from China are also contributing to softened Asian price benchmarks.
The Department of Energy-Oil Industry Management Bureau highlighted projections of an anticipated oversupply of oil in the coming months.
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