Oil firms end price hike streak to start Jul. 2025
MANILA: Motorists can have their sighs of relief as fuel companies shall put an end to the string of major price hikes implemented this month.
KEY TAKEAWAYS
What will be the price adjustments this week?
This week, oil firms will reduce the price of gasoline by P1.40 per liter, diesel by P1.80 per liter, and kerosene by P2.20 per liter.When will the adjustments take place?
The prices will be implemented on July 1, 2025.Based on their respective advisories, Cleanfuel, Caltex, Jetti, Seaoil, Unioil, and Petron shall implement the following price cuts at the following products:
Product |
Price adjustment (in Peso per liter) |
Diesel |
P1.80 |
Gasoline |
1.40 |
Kerosene |
P2.20 |
The movements in pricing shall take effect tomorrow (July 1). Other companies are expected to follow suit.
Meanwhile, Department of Energy Officer-in-Charge Sharon Garin said that in addition to the anticipated fuel price rollback, additional cuts will be given to drivers of public utility vehicles (PUV), non-PUV units, and transport network vehicles. She added that discounts may vary given that they have their own mechanisms for implementing such (dates, promotional offers, and loyalty programs).
Earlier, Grab Philippines devised a plan to would help their driver- and rider-partners amid the rising fuel prices.
Last week, local players conducted a two-part price hike. This was attributed to the rising global oil prices caused by geopolitical tensions between Iran and Israel and market volatility.
The adjustments in June 24 and 26 were:
Product |
Price adjustment on June 24, 26 (in Peso per liter) |
Diesel |
P2.60 |
Gasoline |
1.75 |
Kerosene |
P2.40 |
Also read:
‘Big-time’ oil price hike set this week
Oil firms to welcome June 2025 with ‘mixed’ price adjustments
Motorists to welcome 2nd week of June with increased pump prices
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