Mixed movements in fuel prices seen before New Year 2026

Motorists should expect mixed movements in the retail prices of petroleum products next week, according to the Department of Energy - Oil Industry Management Bureau (DOE-OIMB) on Friday.

Based on the three-day monitoring in Mean of Platts Singapore (MOPS), DOE-OIMB assistant director Rodela Romero said the expected adjustments in pump prices are the following:

• Gasoline - more or less rollback of P0.50
• Diesel - no adjustment
• Kerosene - more or less increase of P0.10

These estimates are excluding the operating cost of oil companies and other premiums, according to Romero.

“The mixed or slightly downward pressure are attributed to the global oversupply coming from non-OPEC economies like US, weak demand due to the winding down of holiday travels and seasonal industrial demand and the uncertainty of the geopolitical tensions in Venezuela, Ukraine and Russia,” she said.

Oil companies announce official price adjustments every Monday, to be implemented on the following day.—AOL, GMA Integrated News