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Fuel prices to drop for up to P0.80/liter

The Freeman

July 08, 2025

Motorists are in for slight relief at the pump starting Tuesday, July 8, as oil firms roll back fuel prices for a second straight week.

Oil firms announced on Monday, July 7, that gasoline will go down by P0.70 per liter, diesel by P0.10 and kerosene by P0.80.

The latest price cuts, however, are more modest than earlier estimates, which had projected a rollback of over P1 per liter for gasoline and about P0.50 for diesel.

According to the Department of Energy’s Oil Industry Management Bureau (DOE-OIMB), global oil prices have softened amid reduced supply fears, following the Israel-Iran ceasefire that began June 24.

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