Pump prices will go down by P3.60 per liter for gasoline, P3.30 per liter for kerosene and P2.90 per liter for diesel effective 6am Tuesday to reflect the movement of prices in the world oil market.
This will be the second week of consecutive oil price rollback, driven by the escalating trade tensions between the US and China which could slowdown global oil demand.
Seaoil Philippines, Chevron Philippines, Jetti Petroleum, PetroGazz and Cleanfuel issued separate advisories of the oil price rollback while other oil firms are expected to follow.
Department of Energy Oil Industry Management Bureau (OIMB) director Rodela Romero said last week several factors can be attributed to the softening in world oil prices, specifically the escalating trade tensions between US and China resulting to fear of recession and reduce demand for crude oil.
She said the expected cut by Saudi Arabia by May of the selling price for Asia-bound crude; and the decision of the Organization of the Petroleum Exporting Countries to accelerate production by May from the initial commitment of 135,000 barrels per day to 441,000 bbls per day also impacted pump prices.
Jetti Petroleum president Leo Bellas said world oil prices have retreated considerably as the deepening trade war between the US and China has significantly increased fears and uncertainty over oil demand.
“In the short term, the growing risk of weakening demand and rising production from OPEC+ could hinder a major rebound in oil prices,” Bellas said.
On April 8, 2025, local oil companies implemented a price decrease of P0.10 per liter for gasoline and P0.50 per liter for kerosene but there was no adjustment for diesel.
Year-to-date, gasoline has a total net increase of P4.55 per liter, diesel total net increase of P4.45 while kerosene has a total net increase of P0.40 per liter.
Meanwhile, the Department of Energy (DOE) reiterated its advisory on the undue accumulation and unauthorized possession of opposition branded cylinders by certain liquefied petroleum gas (LPG) industry participants.
The DOE said such actions are in direct contravention of the forthcoming implementation of the LPG Cylinder Exchange, Swapping and Improvement Program, as mandated under Republic Act (R.A.) No. 11592, also known as the LPG Industry Regulation Act.
The agency said end consumers (households) are allowed to choose their preferred brand by exchanging an empty cylinder for a filled one of a different brand at the retailer level, subject to certain conditions.
It said marketers and trademark owners can also swap opposition-branded cylinders at the retail level but should not be conducted in the absence of a swapping agreement.
The DOE said PG Cylinder Improvement is a strict prerequisite for any swapping transaction. Only serviceable cylinders that have undergone the necessary repairs, requalification, and have been duly certified as PNS-compliant shall be accepted for swapping.
It said failure or refusal to comply with the LPG Cylinder Exchange, Swapping and Improvement Program shall constitute a direct violation of Sections 31 and 32 of R.A. No. 11592 and violators will face severe administrative penalties, including fines ranging from P300,000 to P1 million.
Morever, any LPG industry participant found in possession of empty cylinders belonging to other trademark owners or marketers without the latter’s consent may be held liable.