August 11, 2025 | 10:53am
MANILA, Philippines — After 4 straight weeks of gas value hikes, motorists will see some reduction on the pump beginning Tuesday, August 12, with rollbacks of as much as P1.50 per liter.
Oil companies will impose value cuts of P0.40 per liter for gasoline, P1.50 per liter for diesel and P1.30 per liter for kerosene.
The adjustment follows final week’s value hike that pushed gasoline and diesel to their highest web improve to date this 12 months.
Shell Pilipinas, Seaoil, CleanFuel and PetroGazz introduced the worth changes on Monday, August 11, in separate advisories.
In accordance with the Division of Vitality (DOE), the anticipated hike in oil manufacturing by the Group of the Petroleum Exporting International locations and its allies (OPEC+) has contributed to the latest decline in gas costs.
The coalition agreed final week to extend oil provide by round 547,000 barrels per day beginning in September on account of latest low shares.
The larger image. Unclear repercussions from the USA’ tariff insurance policies are additionally believed to have contributed to the downward value motion.
Regardless of the rollback, considerations within the international oil market persist amid commerce tensions, with the US threatening to impose one other spherical of tariffs on Russia’s oil patrons — significantly India and China — if Russia refuses to conform to a ceasefire with Ukraine.
Costs on the pump rose final week by P1.90 per liter for gasoline, P1.20 for diesel, and P1 for kerosene, pushed by fears of tighter provide on account of US and European Union measures focusing on Russian oil and US sanctions on Iran.
After this week’s rollback, gasoline costs would have risen by a web P10.80 per liter for the reason that begin of the 12 months, diesel by P12.75 and kerosene by P2.65.
