Oil companies are set to increase gasoline prices, but price cuts on diesel and kerosene are expected next week.- Advertisement -
The DOE explained that a global oversupply of fuel is expected in the first quarter of 2025, along with a low demand.Petron meanwhile announced that for LPG, it will increase prices by P1.20/kg on Sunday, December 1, 2024. LPG firm Regasco earlier said it is also imposing an additional P0.50/kg. Seaoil Philippines, Chevron Philippines, Jetti Petroleum, PetroGazz, and PTT Philippines issued separate advisories of the latest oil price hike of P1.15 per liter for gasoline, P1.10 per liter for diesel, and kerosene by P0.80 per liter.
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