Report Fuel Prices to Surge Again, Hitting Motorists Hard on June 10

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Picture courtesy of PhilStar

 

Starting Tuesday, June 10, motorists in the Philippines will face another blow at petrol stations as fuel prices rise for the fourth consecutive week. This ongoing surge brings the total gasoline price increase for the year to P5.10, marking it as the steepest rise recorded in 2025 thus far.

 

Detailed announcements from leading oil companies like Shell Pilipinas, CleanFuel, PetroGazz, Seaoil, and Caltex reveal the specifics of the price adjustments. Gasoline prices will climb by P0.60 per litre, diesel by P0.95, and kerosene sees a P0.30 increase – its first hike since May 27.

 

According to the Department of Energy’s Oil Industry and Management Bureau (DOE-OIMB), this latest spike in fuel prices can be attributed to several international factors. Geopolitical tensions, notably the conflict between Russia and Ukraine, continue to disrupt global oil markets. Additionally, the ongoing negotiations over the nuclear deal between the United States and Iran add further uncertainty.

 

Compounding these issues, Canadian wildfires have resulted in significant disruptions to oil production, exacerbating the situation amidst an unexpected reduction in US crude inventories. These combined factors were also cited in last week’s fuel price uplift, which saw gasoline prices go up by P0.40 per litre, diesel by P0.30 per litre, while kerosene experienced a P0.10 per litre drop.

 

This week’s adjustments push gasoline prices up by a total of P5.10 per litre and diesel by P4.85 to date in 2025, surpassing previous increases. Despite recent hikes, kerosene prices remain P2.25 per litre lower compared to earlier figures, following a two-month downward trend.

 

Looking at the broader context, the prevailing retail prices of petroleum products in Metro Manila from May 27 to June 2 were as follows: gasoline (RON97/100) at P65.09, gasoline (RON95) at P53.85, gasoline (RON91) at P52.35, diesel at P53.35, Diesel Plus at P54.35, and kerosene at P68.52. These figures do not yet reflect last week's adjustments, as the Department of Energy has yet to release updated data.

 

As motorists brace for these escalating costs, many are expected to adjust their budgets to accommodate the recurring increases, prompting renewed discussions on the impact of international affairs on local fuel prices and the broader economic implications for everyday consumers.

 

  Adapted by ASEAN Now from PhilStar 2025-06-09