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Fuel prices set for rollback next week
Manila Bulletin
|July 05 2025
Pump prices are expected to drop next week, by as much as one peso for gasoline, as benchmark oil prices decline with the easing of tension in the Middle East, as well as prospects of higher output from the Organization of Petroleum Exporting Countries (OPEC) cartel.
According to Director Rino E. Abad of the Department of Energy's Oil Industry Management Bureau, based on oil prices from Monday to Thursday this week, the rollbacks may amount to more than one peso per liter for gasoline, around 50 centavos for a liter of diesel, and about 80 centavos per liter of kerosene.
He noted that these are still subject to additional adjustments to include the Friday trading price result.
This story is from the July 05 2025 edition of Manila Bulletin.
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