HIKE. Seaoil on Monday (Sept. 1, 2025) announces that prices of its fuel products will increase between PHP0.70 and PHP1.00 per liter effective 6 a.m. on Tuesday (Sept. 2). This is the third consecutive week that oil prices are up across-the-board. (PNA file photo by Joan Bondoc)
MANILA – Fuel prices will increase for the third consecutive week by up to PHP1 per liter effective 6 a.m. on Tuesday (Sept. 2).
In an advisory on Monday, Seaoil announced the prices of its gasoline and kerosene products will increase by PHP0.70 per liter, and diesel by PHP1 per liter.
Last week, fuel prices rose by PHP0.30 to PHP0.70 per liter.
The increase in prices this week is partly attributed to supply issues, given the war between Russia and Ukraine, and the US sanctions on Russia.
Jetti Petroleum president Leo Bellas, in a statement last week, cited as additional factors to the projected oil price increase the "demand optimism (that) further supported prices following signals from (the) US Federal Reserve of possible interest rate cut, and large drawdown in US crude and fuel inventories." (PNA)
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