Metro Manila, Philippines — Oil companies will implement mixed price adjustments for fuel products starting Tuesday, Dec. 10.
In separate advisories, Cleanfuel and Seaoil said they will sell P0.40 more for per-liter of gasoline, while P0.50 per liter less for diesel.
Seaoil said it would cut kerosene prices by P0.75 per liter.
A mixed movement was also seen last week.
Energy officials last Friday said the price increase for this week could be attributable to recent strikes between Israel and Iran-backed militant group Hezbollah amid tensions in the Middle East, and a delay in planned output hikes by a group of major oil-exporting nations.
For the price cut, the Department of Energy said it sees a “bearish demand outlook” for 2025, especially from China, and a greenback rally after US President-elect Donald Trump’s latest pronouncements.
