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Manila Bulletin devider Business devider The Economy devider Diesel prices still up despite falling gasoline prices

Diesel prices still up despite falling gasoline prices

Published Nov 24, 2025 11:46 am
Traditional jeepneys ply along Taft Avenue in Manila on June 18, 2025. Land Transportation Franchising and Regulatory Board (LTFRB) Chairperson Teofilo Guadiz III says the proposed fare increase for public utility vehicles (PUVs) has not yet been approved by the Board pending the outcome of a study by the Department of Economy, Planning, and Development (DEPDev) on the impact of the ongoing tension in the Middle East on the price of fuel. (John Louie Abrina / MANILA BULLETIN)
Traditional jeepneys ply along Taft Avenue in Manila on June 18, 2025. Land Transportation Franchising and Regulatory Board (LTFRB) Chairperson Teofilo Guadiz III says the proposed fare increase for public utility vehicles (PUVs) has not yet been approved by the Board pending the outcome of a study by the Department of Economy, Planning, and Development (DEPDev) on the impact of the ongoing tension in the Middle East on the price of fuel. (John Louie Abrina / MANILA BULLETIN)

Diesel users will have to brace for higher costs again as prices climb in the last week of November.

Effective Tuesday, Nov. 25, diesel prices will rise by ₱0.60 per liter, while gasoline will finally get a ₱0.20-per-liter rollback.

Kerosene, however, will increase by ₱1.30 per liter.

Seaoil, Petro Gazz, and Shell Pilipinas will adjust their prices at 6 a.m., while Cleanfuel would change its prices by 4:01 p.m.

The gasoline price reprieve has earlier been attributed to an oversupply from oil-producing nations and weak global economic indicators.

This week’s rollback remained limited as sanction risks involving Russia, Iran, and Venezuela offset downward pressure on prices. United States (US) sanctions on Russian firms Lukoil and Rosneft, aimed at convincing their country to enter peace talks with Ukraine, took effect on Nov. 21. This eventually led some buyers to seek alternative suppliers, signaling a potential shift in global oil flows.

However, a Reuters report last week said Russia maintains that its oil production remains unaffected by the sanctions. The country expects to meet its OPEC+ production quota by the end of the year or early next year. Its quota for November is roughly 9.5 million barrels per day.

It is also maintenance season, with several refineries undergoing shutdowns and planned works. This has reduced outflows from northeast Asia, while China continues to limit its exports.

Meanwhile, a local biodiesel group has called for some retuning and caution on the suspension of the coco-biodiesel program, arguing that a more stable and predictable blend adjustment would benefit both coconut farmers and consumers.

While the planned increase to a four-percent biodiesel blend was scheduled for last month, the current coco methyl ester (CME) mix in diesel remains at three percent (B3).

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