Motorists load up on gas in a filling station in Marikina City. Mark Demayo, ABS-CBN News/File

Second oil price hike in 2025 to greet motorists next week

Ched Rick Gatchalian

ABS-CBN News

MANILA — Fuel prices will increase for the second time since 2025 started based on the results of industry trading this week, according to the Department of Energy (DOE).The following hikes will be implemented on Tuesday, January 14:Gasoline – P0.70 to P0.90/literDiesel  - P0.80 to P1.00/literKerosene – P0.70 to P0.90/literThe upward price adjustment was due to lower oil production data from OPEC and Russia, while there are also fears on possible tightened supply as an economic stimulus package of China is eyed to increase the Asian demand.<div><a class="fr-green fr-strong" href="https://www.abs-cbn.com/news/business/2025/1/10/doe-sees-another-oil-price-hike-by-mid-january-0825">DOE sees another oil price hike by mid-January</a></div>Assistant Director Rodela Romero, Director III of the Department of Energy Oil Industry Management Bureau, earlier stated that the cold blast in the US and Europe will also boost fuel demand in these locations.Fuel companies will announce the official price adjustments on Monday, January 13. -- with report from Alvin Elchico, ABS-CBN News

Fuel prices will increase for the second time since 2025 started based on the results of industry trading this week, according to the Department of Energy (DOE).

Fuel prices will increase for the second time since 2025 started based on the results of industry trading this week, according to the Department of Energy (DOE).

Second oil price hike in 2025 to greet motorists next week | ABS-CBN

Entertainment

News

Metro.Style

Sports

More

Business

Second oil price hike in 2025 to greet motorists next week

Second oil price hike in 2025 to greet motorists next week

Ched Rick Gatchalian,

ABS-CBN News

Published Jan 11, 2025 12:08 PM PHT

Read More:

ABSnews

ANC Promo

Fuel

Business

Oil price hike

oil prices

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Advertise with Us

Privacy Policy

Terms of Service

© 2025 ABS-CBN Corporation. All Rights Reserved.