Pump prices up anew next week

Motorists should brace for another round of fuel price hikes next week—the second consecutive week of increases—due to stronger global oil prices and a more favorable demand outlook.

Citing data from the first four trading days of the week, the Department of Energy (DOE) said gasoline, diesel, and kerosene prices are expected to go up by around P0.50 per liter.

“Two factors contributed to the estimated adjustments, namely: OPEC holds steady on oil demand growth forecasts; and speculation that President Trump’s tariff policies will slow global economic growth and energy demand,” DOE Oil Industry Management Bureau director Rodela I. Romero said on Friday.  

Industry estimates, on the other hand, indicate that the expected adjustment for diesel could range between P0.70 and P0.90 per liter, while gasoline  might increase by P0.30 to P0.50 per liter.

According to Jetti Petroleum, Inc. President Leo Bellas, oil prices surged early this week on fears of supply disruption due to possible US sanctions on Russian oil, though concerns eased after a softer stance from Washington.

“Oil prices have increased this week on signs of improving demand,” Bellas said, noting that expectations of better oil demand in the second half of 2025, potential easing of trade tensions, and risks to supply in the Middle East—following attacks on Iraqi oilfields—have supported the market.

This week, fuel retailers raised pump prices by P0.70 per liter for gasoline, P1.40 per liter for diesel, and P0.80 per liter for kerosene. The adjustments brought the year-to-date net increases to P9.00 per liter for gasoline, P11.35 for diesel, and P1.85 for kerosene.