MIXED FUEL PRICE ADJUSTMENTS TAKE EFFECT JULY 7; DIESEL, KEROSENE UP, GASOLINE MAY DROP

Filipino motorists are set to face mixed fuel price movements beginning Tuesday, July 7, as diesel and kerosene are expected to become more expensive while gasoline prices could either decrease, remain unchanged, or post a slight increase.

According to the Department of Energy (DOE), gasoline prices may be reduced by as much as ₱1.75 per liter for the July 7–13 pricing cycle. However, oil companies also have the option to keep pump prices unchanged or implement an increase of up to ₱0.25 per liter, depending on their pricing decisions.

Meanwhile, diesel prices are projected to increase by ₱1.57 to ₱3.57 per liter, while kerosene prices may climb by ₱1.70 to ₱3.70 per liter, based on the allowable adjustment ranges issued by the DOE's Oil Industry Management Bureau.

DOE Secretary Sharon Garin said the expected increase in diesel and kerosene prices reflects recent movements in the global oil market, although she noted that international crude prices have started to stabilize after weeks of volatility caused by geopolitical tensions in the Middle East.

"The good news is the average price has already fallen below $80 per barrel," Garin said during a media briefing on Monday, adding that the market is gradually recovering from the sharp price spikes seen in recent weeks.

She explained that while fuel prices are beginning to normalize, a full return to pre-conflict levels will likely take several more weeks or even months. Still, she expressed optimism that local fuel prices could continue to ease if global oil supply remains stable and geopolitical tensions do not escalate further.

Motorists are advised to monitor announcements from their preferred oil companies as final pump price adjustments may vary among retailers.