Oil Price Rollback Expected on Tuesday (February 11, 2025), Gas Stations Say
FUEL PRICE UPDATE – Various gasoline stations in the country are set to implement an oil price rollback starting this week.
Starting Tuesday, February 11, 2025, Filipino motorists will see another round of reductions on prices of petroleum products such as gasoline, diesel, and kerosene as oil companies announce a slight rollback across various fuel products.
Major fuel retailers will implement the adjustments early in the morning. Gasoline and diesel prices will decrease by P0.10 per liter, while kerosene will see a P0.30 per liter reduction. Companies like Shell Pilipinas, Seaoil, and Caltex will roll out the changes at 6 a.m., while Cleanfuel will follow at 8:01 a.m.
According to industry experts, the rollback is driven by global market shifts, including increased oil demand from China and India, as well as the impact of trade policies affecting supply and pricing.
“Weak demand concerns in the US following a larger-than-expected build in crude oil and gasoline stockpiles and worries that the renewed China-US trade war could slow down economic growth and dampen demand for oil further pressured prices,” Leo Bellas, Jetti Petroleum president said.
Despite the slight reduction, fuel prices have generally trended upward since the beginning of 2025.
Gasoline has seen a net increase of P3.25 per liter, diesel by P3.55 per liter, and kerosene by P2.60 per liter.
While the price cut may not be huge, it offers some relief for motorists amid fluctuating fuel costs. Drivers are encouraged to compare prices at different stations, as rates may vary depending on location.
The industry continues to monitor global oil movements, and further adjustments remain possible in the coming weeks.
“Weak demand concerns in the US following a larger-than-expected build in crude oil and gasoline stockpiles and worries that the renewed China-US trade war could slow down economic growth and dampen demand for oil further pressured prices,” he added.
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