Oil Companies to Impose Mixed Oil Price Adjustments Next Week
FUEL PRICE UDPATE – The Department of Energy is expecting mixed oil price adjustments starting next week.
Motorists will see mixed changes in fuel prices next week as gasoline is set for a small increase while diesel and kerosene are expected to get another round of rollbacks.
Based on monitoring of international oil trading, gasoline may go up by around P0.50 per liter. Diesel, on the other hand, could drop by about P0.70, while kerosene might be reduced by P1.00 per liter.
DOE explained that the movement is mainly due to the rising global oil supply. Countries belonging to the OPEC+ group recently decided to produce more oil, adding hundreds of thousands of barrels each day by September.
The United States has also boosted its supply, while global demand remains weaker than usual. All these factors have pushed inventories higher, leading to cheaper prices for diesel and kerosene but a slight uptick for gasoline.
Global developments are also being watched closely. Talks between the United States and Russia regarding the war in Ukraine could influence supply levels, while easing trade tensions between the US and China may also affect fuel prices in the weeks ahead.
Earlier this week, local oil firms already gave motorists some relief by lowering prices on August 12. Gasoline was cut by P0.40 per liter, diesel by P1.50, and kerosene by P1.30.
As of last week, pump prices in Metro Manila stood at P68.18 per liter for premium gasoline, P58.80 for RON95, P55.30 for regular gasoline, P56 for diesel, and P74.90 for kerosene.
Fuel companies are expected to confirm the exact price adjustments on Monday (August 18, 2025) with the changes to take effect the following day.
This is a developing report, just visit this website regularly or refresh the page for further updates.
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