kabibe game Fuel prices up nearly P1 per liter for 2nd straight week

MANILA, Philippines — Motorists should brace for another fuel price hike, with gasoline and kerosene prices set to increase by nearly P1 per liter starting Tuesdaykabibe game, January 14.

Oil companies announced on Monday, January 13, that diesel prices will rise by P0.90 per liter, while gasoline prices will go up by P0.80 per liter. 

The adjustments were detailed in advisories issued by PetroGazz, Seaoil, CleanFuel and Shell Pilipinas.

For some firms, like Seaoil and Shell Pilipinas, kerosene prices will also climb by P0.80 per liter.

This marks the second consecutive week of fuel price hikes in 2025, with prices surpassing the Department of Energy's (DOE) forecast. 

The DOE had projected increases of P0.40 to P0.70 per liter for gasoline, P0.45 to P0.75 per liter for diesel, and P0.65 to P0.75 per liter for kerosene.

According to the DOE, the upward trend is attributed to a decline in the United States crude oil inventories due to colder temperatures.

The petition was filed as the third tranche of the funds, worth P30 billion, was transferred to the treasury as scheduled yesterday. Unprogrammed appropriations are seen as the new congressional pork barrel.

In a statement, Co said this was the consensus among the four members of his small committee, who include Marikina 2nd District Rep. Stella Luz Quimbo, House Majority Leader Manuel Jose Dalipe and House Minority Leader Marcelino Libanan.

Last week, oil firms raised gasoline and kerosene prices by P1 per liter and diesel prices by P1.40 per liter.

The DOE also reported on January 9 that fuel prices saw an overall surge in 2024. 

Gasoline registered a net increase of P12.75 per literkabibe game, while diesel rose by about P11 per liter. Kerosene, however, recorded a net decrease of P2.70 per liter.