Fuel Firms to Impose Mixed Oil Price Adjustments Next Week
FUEL PRICE UPDATE – Various gasoline stations are expected to implement mixed oil price adjustments on first week of June 2025.
The Department of Energy said that Filipino motorists should prepare for another week of mixed fuel price changes starting Tuesday, June 4, 2025. The price adjustments are expected to vary across fuel types based on recent global trading trends.
For gasoline users, prices might either remain the same or increase by up to P0.40 per liter. Diesel prices could go either way as well, with a possible rollback of P0.20 or a slight increase of up to P0.30 per liter.
Meanwhile, kerosene may see no change, or a minor price cut of up to P0.10 per liter. These possible adjustments are based on trading data from the first four days of the week at the Mean of Platts Singapore, which is used as a pricing benchmark for oil in Southeast Asia.
Several global developments are influencing these fuel price movements. Tensions continue to increase between countries such as Ukraine and Russia, as well as Israel and Iran. The possibility of new U.S. sanctions on Russia is putting pressure on global oil supply, while easing trade issues between the U.S. and the European Union is affecting demand.
The Organization of the Petroleum Exporting Countries (OPEC) is planning to increase oil production, which could help balance the supply. However, an economic slowdown in parts of Asia, especially India, may limit demand, leading to potential price rollbacks.
Oil companies in the Philippines typically announce official pump price changes every Monday, with adjustments taking effect the next day. Consumers are advised to monitor these announcements and plan accordingly for the week ahead.
This is a developing report, just visit this website regularly or refresh the page for further updates.
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