The various fuel retailers expect another round of mixed price changes on Tuesday.
Jetti Petroleum said gasoline prices may rise by P1 to P1.20 per liter, while diesel could either stay the same or increase by up to P0.20. The company cited continued geopolitical tensions—especially the Russia-Ukraine war—which are keeping premiums and freight costs high.
Jetti president Leo Bellas said diesel and kerosene markets have softened as talks of a possible Russia-Ukraine peace deal ease supply concerns. Expectations of higher fuel exports from China are also influencing global supply.
He added that Asian gasoline prices remain elevated due to tight supply and strong regional demand, with low export volumes from China and South Korea.
The Department of Energy’s Oil Industry Management Bureau said kerosene prices may drop by up to P0.25 per literbased on its own four-day monitoring.
Last week, fuel firms implemented mixed adjustments: gasoline went up P0.20, while diesel and kerosene dropped P2.90and P3.20, respectively.
Year-to-date, pump prices have risen by P19.90 per liter for gasoline, P21.75 for diesel, and P6.75 for kerosene.
As of December 2–8, DOE data show Metro Manila prices averaging P56.20 per liter for RON 91 gasoline, P54.60 for diesel, and P79.67 for kerosene.
