Big-Time Oil Price Hike Slated Next Week

Big-time oil price hike slated next week

MANILA, Philippines —  After two consecutive rollbacks, oil companies are set to implement a big-time price hike of as much as P2 per liter next week, industry estimates showed. In an advisory on Saturday, Jetti Petroleum president Leo Bellas said the per-liter prices of gasoline may go up by P1.10 to P1.30. He said diesel

Due to the large fluctuations in the markets, such forecasts are uncertain and should therefore be taken with a greater degree of caution than usual.

Gas Stations Eye Oil Price Hike Next Week

Oil Price Hike Expected Next Week, Gas Stations Say FUEL PRICE UPDATE – Various gasoline stations in the country are set to implement an oil price hike starting Tuesday (May 20, 2025).  Motorists should prepare for higher fuel prices next week as global market developments push oil costs upward. The Department of Energy’s Oil Industry ... Read more The post Gas Stations Eye Oil Price Hike Next Week  appeared first on PhilNews.

This week, there was a breakthrough in the trade war between the US and China. This is positive news, but for drivers it may mean the end of fuel price reductions. In the period from 19 to 23 May, BM Reflex experts expect price stabilization at most stations, but also the first symbolic increases.