Motorists should brace for another round of mixed adjustments in fuel prices next week.
Citing industry estimates based on the past four days of international fuel trading, Department of Energy–Oil Industry Management Bureau Assistant Director Rodela Romero said the following pump price movements are expected:
• Gasoline: increase of around P0.70 per liter
• Diesel: rollback of around P0.45 per liter
• Kerosene: rollback of around P0.25 per liter
Romero noted that these projections do not yet include oil companies’ operating costs and other premiums.
She said geopolitical developments—such as Ukraine’s strike on Russian oil infrastructure, rising tensions between the United States and Venezuela, and a global crude supply surplus—contributed to the anticipated adjustments in fuel prices.
“Final adjustments will be determined after Friday’s MOPS [Mean of Platts Singapore] trading,” Romero added.
Fuel companies typically announce official price changes every Monday, which take effect the following day.
On December 2, oil firms increased gasoline prices by P0.20 per liter while cutting diesel by P2.90 and kerosene by P3.20 per liter.
