Oil Price Rollback Expected Next Week, DOE Says
FUEL PRICE UPDATE – The Department of Energy is expecting an oil price rollback starting Tuesday (December 16, 2025) after weeks of mixed fuel price adjustments.
Filipino motorists may soon get a bit of relief as fuel prices are expected to go down next week, following recent developments in the global oil market.
DOE through its Oil Industry Management Bureau, said early indicators point to a possible rollback in the prices of gasoline, diesel, and kerosene.
Based on recent market monitoring, gasoline prices could decrease by around P0.30 per liter. Diesel may see a bigger drop of about P0.60 per liter, while kerosene prices could go down by roughly P0.65 per liter.
The project fuel price are still estimates and may change, as they do not yet include operating expenses and other added costs from oil companies.
The possible price reduction is linked to easing tensions in the global oil supply. Oil prices softened as investors shifted attention back to ongoing efforts to resolve the conflict between Russia and Ukraine.
Another factor affecting the market is the return of oil production in Iraq. One of its oilfields recently resumed operations after an issue was resolved, adding supply back into the global market.
Even a small increase like this, which accounts for a fraction of the world’s oil supply, can influence overall prices and help calm the market.
Oil companies will wait for the last trading day of the week before confirming the changes. Official announcements are usually made every Monday, with new prices taking effect the following day.
Consumers may recall that gasoline prices went up earlier this month, while diesel and kerosene remained unchanged. With the expected rollback, many are hoping for some financial breathing room as the holiday season continues.
This is a developing report, just visit this website regularly or refresh the page for further updates.
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