Arthur Fuentes

Customers fill up their vehicle's tank at a gas station in Quezon City on October 8, 2018. Petroleum companies are set to increase oil prices the next day, marking the 9th consecutive week of oil price hikes. Mark Demayo, ABS-CBN News

Article (news)

Pumping up before increase

Marilyn Cahatol

ABS-CBN News

<div><br/></div><p>MANILA — The seventh consecutive price hike for diesel and kerosene may come next week, the Department of Energy said Friday, Oct. 3.</p><p>Based on four days of trading in the Mean of Platts Singapore, Assistant Director Rodela Romero of the DOE Oil Industry Management Bureau said gasoline may decrease by P0.05 per liter, diesel may rise by P0.50 per liter, while kerosene may also increase by P0.25 per liter.</p><p>Romero, however, noted that the rollback for gasoline will likely not translate into the market prices due to the premium cost.</p><p>“Kaya nga sabi ko sana malaki yung pricing malaki talaga yung ibaba para ma-break even, ma-zero man lang, walang adjustment,” she said.</p><p>The DOE official explained the price hike was caused by the United States’ reimposed sanctions on Iran over its nuclear program.</p><div><a href="https://www.abs-cbn.com/news/world/2025/9/28/iran-denounces-unjustifiable-return-of-un-sanctions-1941">Iran denounces &#x27;unjustifiable&#x27; return of UN sanctions</a></div><p>Meanwhile, the Organization of the Petroleum Exporting Countries and its allies’ (OPEC+) increased production in November and December is pulling the prices down.</p><div><a href="https://www.abs-cbn.com/news/business/2025/9/29/gasoline-prices-down-diesel-up-as-september-ends-0952">Gasoline prices down, diesel up as September ends</a></div><p>Based on the price adjustments as of today, the consecutive price hikes for diesel and kerosene over the past seven weeks have accumulated to P5.60 and P3.95, respectively.</p><p>Gasoline, which may see a second rollback next week, would increase by P3.25 from Aug. 26 to Oct. 7.</p><p>Geopolitical tension remains a primary factor in the price increases, while OPEC+’s increase in production pulls the prices down, based on DOE.</p><table border="1" cellPadding="0" cellSpacing="0" style="border-collapse:collapse;border:none"><tbody><tr><td style="width:116.8pt;border:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div> </div></td><td style="width:116.9pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-image:initial;border-left:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>Gasoline</p></td><td style="width:116.9pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-image:initial;border-left:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>Diesel</p></td><td style="width:116.9pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-image:initial;border-left:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>Kerosene</p></td></tr><tr><td style="width:116.8pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-image:initial;border-top:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><a href="https://www.abs-cbn.com/news/business/2025/8/25/oil-price-hike-set-for-tuesday-aug-26-0937">August 26</a></div></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.70</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.50</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.30</p></td></tr><tr><td style="width:116.8pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-image:initial;border-top:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>September 2</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.70</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P1.00</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.70</p></td></tr><tr><td style="width:116.8pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-image:initial;border-top:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><a href="https://www.abs-cbn.com/news/business/2025/9/8/oil-prices-up-in-2nd-week-of-september-0845">September 9</a></div></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P1.00</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P1.40</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.70</p></td></tr><tr><td style="width:116.8pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-image:initial;border-top:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><a href="https://www.abs-cbn.com/news/business/2025/9/15/oil-prices-climb-anew-in-mid-september-0954">September 16</a></div></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.10</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.50</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.10</p></td></tr><tr><td style="width:116.8pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-image:initial;border-top:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><a href="https://www.abs-cbn.com/news/business/2025/9/22/gasoline-kerosene-up-by-p1-l-this-week-1037">September 23</a></div></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P1.00</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P.0.80</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P1.00</p></td></tr><tr><td style="width:116.8pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-image:initial;border-top:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><a href="https://www.abs-cbn.com/news/business/2025/9/29/gasoline-prices-down-diesel-up-as-september-ends-0952">September 30</a></div></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>-P0.20</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.90</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.90</p></td></tr><tr><td style="width:116.8pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-image:initial;border-top:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>October 7 (expected)</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>-P0.05</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.50</p></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><p>+P0.25</p></td></tr><tr><td style="width:116.8pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-image:initial;border-top:none;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><strong>EXPECTED TOTAL</strong></div></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><strong>+P3.25</strong></div></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><strong>+P5.60</strong></div></td><td style="width:116.9pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;vertical-align:top" valign="top" width="25%"><div><strong>+P3.95</strong></div></td></tr></tbody></table><div> </div><div><strong>RELATED VIDEO:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/sxIW7HbuN0Q?&amp;wmode=opaque&amp;rel=0" frameBorder="0" 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<p>Based on the four-day trade in the Mean of Platts Singapore, Assistant Director Rodela Romero of the DOE Oil Industry Management Bureau said gasoline may decrease by P0.05 per liter. Diesel may rise by P0.50 per liter, while kerosene may also increase by P0.25 per liter.</p>

Based on the four-day trade in the Mean of Platts Singapore, Assistant Director Rodela Romero of the DOE Oil Industry Management Bureau said gasoline may decrease by P0.05 per liter. Diesel may rise by P0.50 per liter, while kerosene may also increase by P0.25 per liter.

7th consecutive price hike for diesel, kerosene expected next week

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7th consecutive price hike for diesel, kerosene expected next week

Marilyn Cahatol,

ABS-CBN News

Published Oct 03, 2025 07:51 AM PHT

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Updated Oct 03, 2025 10:58 AM PHT

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Oil prices

Price hike

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