US EditionOil Price Hike of Close to P5 a Liter Set Next Week
- Fuel companies announced that starting Tuesday, June 17, 2025, the prices of gasoline and diesel in Paco, Manila will go up by PHP1.80 for every liter, while kerosene will see an increase of PHP1.50 for each liter.
- The oil price hike follows escalating tensions and conflict between Israel and Iran threatening critical global shipping passages, driving speculation on supply disruptions.
- The Department of Energy reported that, so far, there have been no interruptions in the supply of petroleum products, although international crude oil prices recently increased by nearly $4 per barrel, leading to price fluctuations in the Philippines.
- The DOE warned of a sharp fuel price increase next week, forecasting gasoline may rise by PHP2.50 to PHP3 and diesel by PHP4.30 to PHP4.80 per liter due to ongoing conflict risks.
- The government allocated PHP2.5 billion for immediate fuel subsidies targeting sectors vulnerable to supply shocks, with guidelines being prepared to distribute assistance promptly.
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14 Articles
DOTr: Gov't preparing guidelines for fuel subsidy
The government is preparing the guidelines for the distribution of fuel subsidies to sectors that could be negatively impacted by possible disruptions in oil supply due to the escalating tensions between Israel and Iran, Department of Transportation (DOTr) Secretary Vince Dizon said Saturday.
The price of fuels is rising again next week, according to sector sources.
This is because of the escalation in the price of oil due to the conflict between Israel and Iran. Also, the reaction of comedians Ricardo Araújo Pereira and José Diogo Quintela to the trial of Joana Marques.
Oil price hike of close to P5 a liter set next week
MANILA, Philippines – A big-time oil price hike of almost P5 a liter awaits motorists next week due to global jitters over a supply disruption resulting from a possible escalation in the Israel-Iran conflict. The Department of Energy and Jetti Petroleum estimated that gasoline prices would climb by P2.50 to P3.20 per liter while diesel
Fuel prices expected to soar next week as Israel-Iran conflict worsens
MANILA, Philippines — Fuel prices are expected to soar next week due to the ongloing conflict between Israel and Iran, local oil industry sources said on Friday. They said that gasoline prices will increase by around P2.50 to P3.00 per liter, diesel between P4.30 and P4.80 per liter and kerosene between P4.25 and P4.40 per liter. These estimates are based on the 4-day trading of Mean of Platts (MOPS), Singapore, the pricing basis of refined good…
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