Fuel prices hike up to P1.35/liter this week
Fuel prices in the Philippines will increase again this week by up to P1.35 per liter for gasoline and diesel, and P0.80 for kerosene, marking the second consecutive week of price hikes.
Caltex, Cleanfuel, Petro Gazz, PTT, Seaoil, and Shell have announced these changes which take effect on Tuesday, April 30.
The Department of Energy (DOE) cited US sanctions against Iran's oil shipping network as a key factor driving the latest adjustments, leading to supply concerns and higher prices.
Since the start of 2025, gasoline prices have increased by P2.30 per liter, diesel by P2.85 per liter, while kerosene has seen a net decrease of P1.80 per liter year-to-date.
These developments continue to impact motorists as global supply remains tight and prices rise.
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