Motorists are once again bracing for mixed fuel price movements as the Department of Energy (DOE) announced expected adjustments in petroleum prices for next week.
Based on international fuel trading over the past four days, DOE-Oil Industry Management Bureau Assistant Director Rodela Romero gave the following estimates:
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Gasoline – rollback of around ₱0.80 per liter
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Diesel – increase of around ₱0.05 per liter
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Kerosene – increase of around ₱0.40 per liter
Romero explained that these figures do not yet include additional costs in doing business, which oil companies will factor in before the final adjustments.
Why the Price Shifts?
The DOE pointed to ongoing geopolitical tensions as a key factor. The United States has pressed European nations to immediately stop buying Russian energy—or face tariffs. This pressure has fueled a bullish global oil market, pushing prices upward.
On the other hand, relief may come as Iraq resumes oil exports through its pipeline to Turkey, which could help stabilize global supply.
When Will the New Prices Take Effect?
The final adjustments will be determined after Friday’s trading results are in. Fuel retailers typically announce price changes every Monday, with new prices implemented the following day.
Just this week, oil firms raised prices by ₱1.00 per liter for gasoline, ₱0.80 for diesel, and ₱0.80 for kerosene.
For now, drivers can expect a slight breather at the pump with cheaper gasoline, though diesel and kerosene users will have to prepare for small increases.
