Oil companies announce price cuts for gasoline, diesel, kerosene

inquirer.net — March 3, 2025 at 10:01 PM UTC

Oil prices are decreasing for the first week of March. Jetti Philippines, Caltex, Seaoil, PetroGazz, and Cleanfuel will lower gasoline prices by 90 centavos per liter starting Tuesday. Diesel prices will drop by 80 centavos, and kerosene by P1.40. The price cuts follow a recent increase of up to 80 centavos last week. Industry sources link the reductions to easing geopolitical tensions related to the Russia-Ukraine conflict and slower economic growth in the United States. This marks a shift from the previous price hikes, reflecting changing market conditions.

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Timeline:

[1.9]
Fuel prices to drop in the Philippines on Tuesday (inquirer.net)
3d 1h
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[1.9]
Fuel prices reduced: gasoline down 90¢, diesel 80¢ (inquirer.net)
3d 3h
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[2.2]
Fuel prices to decrease by at least 80 centavos (inquirer.net)
3d 19h
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[2.3]
Philippines fuel prices to drop by March 4 (inquirer.net)
4d 7h
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[1.8]
Oil prices expected to decrease next week (gmanetwork.com)
6d 4h
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