Benise Balaoing

Motorists queue for fuel at a gas station in Pasig City on October 10, 2022, a day before a new round of oil price hike takes effect. Diesel prices is forecast to increase by P6 to P6.85 per liter, gasoline prices at P1.20 to P1.40 per liter, and kerosene prices by P3.50 to P3.70 per liter. Mark Demayo, ABS-CBN News

Article (news)

FUEL PRICE HIKE

Alvin Elchico

ABS-CBN News

MANILA — After some mixed price movements, motorists can expect a rollback on all petroleum products by Tuesday, December 23.For the first three trading days, all products have seen a reduction of more than P1/liter already:Diesel - P1.64/L decreaseGasoline - P1.07/L decreaseKerosene - P1.69/L decreaseJetti Petroleum president Leo Bellas said the prospect of a peace deal between Russia and Ukraine is getting stronger, boosting the possibility of more oil supply in the market. Bellas noted, however, that the continued sanctions against Venezuela can push oil prices up, and so do threats of drone attacks from Ukraine against Russia.With two more trading days to go, Bellas sees a sustained downward trend and estimates a rollback by Tuesday.

Fuel price rollback expected ahead of Christmas

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Fuel price rollback expected ahead of Christmas

Alvin Elchico,

ABS-CBN News

Published December 18, 2025 06:29 PM PHT

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oil prices

gasoline

kerosene

diesel

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