Philippine News Agency
Oil firm offers discount on Election Day; rollback on May 13
Local oil company Seaoil offered a special discount on gasoline and diesel prices on May 12, 2025, to encourage voter turnout on Election Day.
Starting May 13, 2025, Seaoil and Shell will implement a price rollback, with gasoline prices decreasing by P0.30 per liter, diesel by P0.90 per liter, and kerosene by P1.25 per liter.
Other oil companies are expected to follow this rollback, marking the second consecutive week of price reductions in May.
The Department of Energy's Oil Industry Management Bureau attributes these lower prices to OPEC+'s decision to increase output, improving global supply, while uncertainties in US tariff policy continue to dampen demand.
As of year-to-date, gasoline has a total net increase of P3.10 per liter, diesel has a total net increase of P3 per liter, and kerosene has a total net decrease of P2 per liter.
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Motorists can expect an oil price rollback starting Tuesday, May 6, with specific reductions announced by Caltex, Seaoil, and Shell.
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Motorists can expect fuel price rollbacks starting Tuesday, May 13, 2025, with multiple oil companies implementing reductions.
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Filipino consumers are set to face a significant fuel price increase next week after two consecutive rollbacks.
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