MANILA. Motorists should brace for another significant increase in fuel prices next week, marking the third consecutive round of price hikes for 2025.
Based on international fuel trading data from the past four days, the Department of Energy-Oil Industry Management Bureau (DOE-OIMB) anticipates the following adjustments in retail fuel prices:
- Gasoline: ₱1.35 to ₱1.60 per liter
- Diesel: ₱2.30 to ₱2.60 per liter
- Kerosene: ₱2.30 to ₱2.50 per liter
Assistant Director Rodela Romero of the DOE-OIMB explained that the price adjustments are driven by global developments in the oil market. She highlighted the impact of new sanctions imposed by the United States and the United Kingdom on Russian oil.
“This will result in a reduction of Russian exports, thereby pushing global crude prices higher in the near term as the market adjusts to the loss of supply from one of the world’s largest oil producers,” Romero stated.
Fuel companies typically announce official price adjustments every Monday, which are implemented the following day.
On January 14, 2025, oil firms raised the prices of gasoline and kerosene by ₱0.80 per liter, while diesel increased by ₱0.90 per liter. These changes marked the second round of price hikes this year.
Year-to-Date Increases
- Gasoline: ₱1.80 per liter
- Kerosene: ₱1.80 per liter
- Diesel: ₱2.30 per liter
Current Fuel Prices in Metro Manila (as of DOE monitoring):
- Gasoline: ₱52.25 to ₱75.62 per liter
- Diesel: ₱49.00 to ₱65.85 per liter
- Kerosene: ₱70.91 to ₱82.20 per liter
Motorists and businesses alike are now preparing for the financial strain as global oil market dynamics continue to influence local pump prices.
Carlo Juancho FuntanillaFrontend Developer, WordPress, Shopify
Contributing Editor
AMA ACLC San Pablo
- Carlo Juancho Funtanillahttps://tutubi.ph/author/carlojpf/
- Carlo Juancho Funtanillahttps://tutubi.ph/author/carlojpf/
- Carlo Juancho Funtanillahttps://tutubi.ph/author/carlojpf/
- Carlo Juancho Funtanillahttps://tutubi.ph/author/carlojpf/
