Public Utility jeepney drivers line up to refuel at a gasoline station in West Avenue in Quezon City on September 18, 2023, bracing themselves for another price hike the following day.

Public Utility jeepney drivers line up to refuel at a gasoline station in West Avenue in Quezon City on September 18, 2023, bracing themselves for another price hike the following day. Diesel prices are slated to go up by 2.50 pesos per liter, with Kerosene and Gasoline prices increasing at 2 pesos per liter. 

 Jonathan Cellona, ABS-CBN News

OIL PRICE HIKE

Ched Rick Gatchalian

ABS-CBN News

MANILA — Price of gasoline may go up by P1 per liter while costs of other petroleum products are soaring as well after three weeks of consecutive price cuts, according to the Department of Energy. The following price increases on petroleum products may be implemented on March 25, based on the recent trading days of Mean of Platts Singapore.Gasoline - P1.00-P1.20/literDiesel - P0.30-P0.50/literKerosene P0.20-P0.40/literFactors pushing the increase are the intensifying tension in the Middle East, Israel&#x27;s expansion of ground operations across Gaza, and China&#x27;s stimulus package that may increase oil demand.A decline in oil inventories from the United States is also affecting pump prices.For the last 3 weeks, the total rollback for diesel are P1.90/L, gasoline by P2.60/L and kerosene by P3.60/L.<div>- with report from Alvin Elchico and David Dizon, ABS-CBN News</div>

Price of gasoline may go up by P1 per liter while costs of other petroleum products are soaring as well after three weeks of consecutive price cuts, according to the Department of Energy.

Price of gasoline may go up by P1 per liter while costs of other petroleum products are soaring as well after three weeks of consecutive price cuts, according to the Department of Energy.

Oil price hike looms next week | ABS-CBN

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Oil price hike looms next week

Oil price hike looms next week

Ched Rick Gatchalian,

ABS-CBN News

Published Mar 22, 2025 12:30 PM PHT

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Updated Mar 22, 2025 01:08 PM PHT

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