Philstar
Gas, diesel up by P0.80 per liter today
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.
Shell Pilipinas, CleanFuel, Seaoil, Caltex, and Petro Gazz are among the oil companies that have announced these price movements.
The Department of Energy's Oil Industry Management Bureau attributed the slight increase to rising tensions in the Middle East and tighter sanctions imposed by the US on Iran and Russia's oil sectors.
These adjustments follow three consecutive weeks of rollbacks, with the previous week seeing a decrease of P0.10 per liter for gasoline and diesel, and P0.30 per liter for kerosene.
Following this week's adjustments, the total net increase for 2025 amounts to P4.05 per liter for gasoline, P4.35 per liter for diesel, and P2.70 per liter for kerosene.
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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.
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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.
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Fuel prices are anticipated to experience mixed adjustments next week, influenced by global supply concerns.
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