September 1, 2025 | 10:46am
MANILA, Philippines — Commuters and motorists will really feel one other pinch on the pump as gasoline costs climb for the second week in a row on Tuesday, September 2.
Oil corporations will impose a gasoline value hike of P0.70 per liter on gasoline, P1 per liter on diesel, and P0.70 per liter on kerosene. This marks the third straight week of will increase for gasoline, whereas second for diesel and kerosene.
Shell Pilipinas, Caltex, PetroGazz, Seaoil and CleanFuel introduced the upward value changes on Monday, September 1, in separate advisories.
The Division of Power’s Oil Trade Administration Bureau (DOE-OIMB) stated gasoline costs rose because of the continued drop in US oil inventories and tariffs imposed on India.
In current weeks, gasoline value actions have additionally hinged on developments surrounding a possible ceasefire or peace deal between Russia and Ukraine.
Larger image: US President Donald Trump earlier sought to dealer a ceasefire by threatening Russia with one other spherical of tariffs however later agreed with Russian President Vladimir Putin to pursue a peace settlement as an alternative.
US Secretary of State Marco Rubio, nevertheless, said each Russia and Ukraine would want to make concessions, including {that a} peace deal stays “a good distance off.”
Regardless of Trump’s try to intervene, geopolitical tensions have continued to escalate, with Russia launching drone attacks on power and energy infrastructure in southern Ukraine and Ukraine vowing to retaliate.
What got here earlier than. Final week, oil corporations elevated gasoline costs by P0.70 per liter, diesel by P0.50 per liter and kerosene by P0.30 per liter as a result of an elevated demand within the final quarter.
This week’s value hike will push gasoline to a web enhance of P12.80 per liter up to now this yr. Diesel will submit a year-to-date enhance of P13.45 per liter, whereas kerosene might be up by P2.75 per liter.
In line with DOE’s monitoring, prevailing retail costs of petroleum merchandise from August 19 to 25 have been:
- Gasoline (RON97/100) – P65.42
- Gasoline (RON95) – P56.50
- Gasoline (RON91) – P55.50
- Diesel – P52.40
- Diesel Plus – P56.10
- Kerosene – P72.70
— with experiences by Brix Lelis