Motorists Brace for up to P1.70/liter Oil Price Hike

Motorists brace for up to P1.70/liter oil price hike

MANILA, Philippines – Motorists should brace for a big-time fuel price increase this week, with oil firms announcing a hike of up to P1.70 per liter. This comes after two consecutive rounds of price cuts. In separate advisories on Monday, Seaoil, PetroGazz, and CleanFuel said the prices of diesel would jump by P1.70 a liter.

May 20: Fuel prices to rise by up to P1.70 per liter

Fuel prices will climb by up to P1.70 per liter on Tuesday, May 20, snapping the two-week straight decline.

Oil firms to raise pump prices

Oil companies are set to raise fuel prices this week, following the latest global trade developments. Shell, Seaoil, and Cleanfuel said they will hike gasoline prices by P1.20 per liter, and diesel by P1.70 per liter. Kerosene prices will also go up by P1.20 per liter. Last week, oil companies lowered the prices of gasoline by P0.30 per liter, diesel by P0.90 per liter, and kerosene by P1.25 per liter.

Big-Time Oil Price Hike to Take Effect on Tuesday (May 20, 2025)

Big-Time Oil Price Hike Set for May 20, 2025, After Two Weeks of Rollbacks  FUEL PRICE UPDATE – A big-time oil price hike is set to take effect this week after two consecutive week of lower fuel prices.  Starting Tuesday (May 20, 2025), oil companies will raise pump prices again. Filipino motorists and commuters should prepare ... Read more The post Big-Time Oil Price Hike to Take Effect on Tuesday (May 20, 2025)  appeared first on PhilNews.