Marilyn Cahatol

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

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:604px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/175763268524320221010-oil-price-hike-MD--15.jpg" style="width:960px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left">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. <em>Mark Demayo, ABS-CBN News </em></span></span></span></div><p>MANILA — Oil prices are expected to go up again in the third week of September due to geopolitical tensions overseas, the Department of Energy said Friday. </p><p>Based on the four-day trade monitoring, DOE Oil Industry Management Bureau Assistant Director Rodela Romero said gasoline could increase by around P0.20 per liter. Diesel could also rise by P0.50 per liter, while kerosene has not shown a possible movement.</p><p>Romero said the possible price adjustment was caused by recent geopolitical tensions, including Israel’s airstrike on Qatar and Russia’s drone raid into Poland.</p><p>The increased production of the Organization of the Petroleum Exporting Countries and allies&#x27; (OPEC+), meanwhile, has failed to deliver its expected impact on the industry, Rodela said. </p><p>“Although nag-increase ng production itong OPEC+ member countries, kaso daw po, sa lower rate na hindi ine-expect ng industry,&quot; she said. </p><div><a href="https://www.abs-cbn.com/news/business/2025/9/8/oil-prices-up-in-2nd-week-of-september-0845">Oil prices up in 2nd week of September</a></div><div><strong>RELATED  VIDEO:</strong></div><div style="text-align:center"><iframe width="560" height="315" src="https://www.youtube.com/embed/FXfsq4Vo6WA?si=YGUNNOhmkfkvDtmt" title="YouTube video player" frameBorder="0" allowfullscreen=""></iframe><br/></div>

<p>Oil prices are expected to go up again in the third week of September due to geopolitical tensions overseas, the Department of Energy said Friday. </p>

Oil prices are expected to go up again in the third week of September due to geopolitical tensions overseas, the Department of Energy said Friday.

Fresh wave of oil price hikes expected in third week of September

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Fresh wave of oil price hikes expected in third week of September

Marilyn Cahatol,

ABS-CBN News

Published Sep 12, 2025 07:31 AM PHT

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Updated Sep 12, 2025 12:41 PM PHT

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