2 days Ago
After a round of rollback in the very first week of 2025, motorists should brace for a hike in fuel pump prices in the coming week. The estimated upward adjustments are as follows: That's according to oil industry estimates, based on international trading in the past four days. Department of Energy-Oil Industry Management Bureau Assistant Director Rodela Romero, meanwhile, cited the following developments as factors that influenced petroleum prices: “Final adjustments will be determined after today’s trading,” Romero said.
Fuel firms announce official price adjustments every Monday, to be implemented on the following day. Effective Tuesday, December 31, 2024, oil companies rolled back the prices of petroleum products. Gasoline and diesel prices were slashed by P0.
30 per liter, while kerosene price was reduced by P0.90 per liter. The latest price movements brought the year-to-date total adjustments for 2024 to stand at a net increase of P12.
75 per liter and P11.00 per liter for gasoline and diesel, respectively. On the other hand, kerosene has a total year-to-date net decrease of P2.
70 per liter in 2024. In Metro Manila, the prevailing retail prices of gasoline range from P51.75 to P74.
92 per liter, diesel ranges from P49 to P67.24 per liter, and kerosene from P70.29 to P81,69 per liter, according to latest data from the DOE’s price monitoring.
—VAL, GMA Integrated News.
