Pump price rollback set Tuesday, May 6, 2025

Motorists will be greeted with lower pump prices this week, as fuel retailers on Monday announced rollbacks after two straight weeks of upward adjustments.

In separate advisories, Chevron Philippines Inc. (Caltex), Seaoil Philippines Corp., and Shell Pilipinas Corp. said they will lower prices per liter of gasoline by P0.55, diesel by P0.65, and kerosene by P0.90.

Cleanfuel will implement the same changes, excluding kerosene which it does not carry.

The adjustments will take effect at 6 a.m. on Tuesday, May 6, for all the firms except for Cleanfuel which will roll back prices at 8:01 a.m. the same day.

The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) earlier projected downward adjustments for the week, citing concerns about oversupply in global markets, and the potential impact of the US’ tariff policies on global economic growth and fuel demand.

Firms last week hiked prices per liter of gasoline by P1.35, diesel by P0.80, and kerosene by P0.70.

This brought year-to-date adjustments to a net increase of P3.65 per liter for both gasoline and diesel, and a net decrease of P1.10 per liter for kerosene as of April 29, 2025.—AOL, GMA Integrated News