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Philippine Fuel Prices to Decrease Slightly on April 8
Starting April 8, 2025, Filipino motorists will experience a modest reduction in fuel prices, with gasoline, diesel, and kerosene seeing slight decreases per liter. This adjustment reflects recent trends in global oil markets, regional demand fluctuations, and favorable exchange rate movements.
Oil companies in the Philippines are set to implement a modest price rollback on petroleum products starting Tuesday, April 8, 2025.Key Details:
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Price Adjustments: Industry sources indicate that gasoline prices will decrease by approximately PHP 0.10 to PHP 0.40 per liter, while diesel prices are expected to drop by PHP 0.20 to PHP 0.60 per liter. Kerosene prices may see a reduction of PHP 0.30 to PHP 0.60 per liter.
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Effective Date and Time: The price reductions will take effect at 6:00 a.m. on Tuesday, April 8, 2025.
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Contributing Factors: The rollback is attributed to a combination of factors, including:
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Global Market Trends: A slight decline in international crude oil prices influenced by OPEC+'s decision to maintain plans to wind down 2.2 million barrels per day of voluntary crude production cuts starting in April.
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Regional Demand: Fluctuations in regional demand, particularly in Asia, have contributed to the adjustment in local fuel prices.
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Exchange Rates: The appreciation of the Philippine peso against the US dollar has also played a role in the price reduction.
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