The country’s oil firms are expected to implement a big-time oil price rollback for diesel and kerosene by more than P3 per liter next week to reflect the movement of prices in the world oil market.
This is based on the Price movement indication for Week of December 01, 2025, based on this week’s Mean of Platts Singapore and Forex average (first 4 days) versus last week’s full week average.
Diesel is forecast to have a rollback of P3 to P3.20 per liter while gasoline will not move or will b a a price increase of P0.10 per liter.
Jetti Petroleum president Leo Bellas attributed the significant drop on the price of diesel due market correction as crude oil prices eased on hopes of a US-brokered ceasefire in Ukraine.
“While Asian gasoline prices have eased down slightly as well, the premium and freight components have remain elevated due to tight supply-demand balance,” he said.
The Department of Energy, meanwhile, announced the possible P3 per liter cut for kerosene.
