MOTORISTS are in for another oil price hike of up to P1.10 a liter effective today.
Diesel prices are tipped to go up the most this week by P1.10 a liter while kerosene will climb by 70 centavos a liter. Gasoline prices, meanwhile, will increase by 40 centavos.
Petron, Petro Gazz, Seaoil, and Shell Pilipinas said they would adjust their pump prices at 6 a.m., followed by Cleanfuel at 4:01 p.m.
Last week, Jetti Petroleum President Leo Bellas said pump prices would increase this week due to signs of improving demand.
“The positive oil demand outlook in the second half of 2025, the prospect of easing of trade tensions, and the risk to supply in the Middle East following attacks in the oilfields in Iraq have further supported the market,” Bellas added.
Authorities and analysts have earlier forecast more upticks in the prices of oil products vis-a-vis the impact of US’ tariff policies and energy demand, among others.
Last week, oil firms rolled back prices per liter of gasoline by P0.70, while prices of diesel and kerosene increased by P1.40 and P0.80 per liter, respectively. (Jordeene B. Lagare © Philippine Daily Inquirer)
