Petroleum prices to rise PHP0.20-0.40/liter for gasoline, PHP1.10-1.30/diesel, PHP0.50-0.70/kerosene starting Tuesday
Petroleum prices in the Philippines will rise starting Tuesday due to another round of price hikes announced by several retailers.
Flying V, Petron Corp., Seaoil Philippines Corp., Shell Pilipinas Corp., PTT, and Caltex plan to increase gasoline prices by PHP0.20 to PHP0.40 per liter, diesel by PHP1.10 to PHP1.30, and kerosene by PHP0.50 to PHP0.70, effective at 6 a.m. on July 22.
These hikes follow last week's increase of P0.70 per liter for gasoline, P1.40 for diesel, and P0.80 for kerosene.
Jetti Petroleum President Leo Bellas attributed this week’s price hike to improving oil demand in the second half of 2025 and geopolitical tensions in the Middle East.
Authorities and analysts have forecast more upticks in the prices of oil products due to US tariff policies and energy demand.
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