Filipino motorists should brace for another round of fuel price increases next week as supply chain disruptions continue to affect global oil markets, according to industry experts.
Significant Price Adjustments Expected
Jetti Petroleum president Leo Bellas confirmed in a statement released on Friday, November 21, 2025 that consumers should prepare for substantial price hikes at the pump. Diesel prices are projected to increase between PHP0.80 to PHP1 per liter, while gasoline prices may see a more modest rise of up to PHP0.10 per liter.
Based on market movements observed as of Thursday and considering foreign exchange performance, these adjustments reflect ongoing challenges in the global energy sector. If these projections materialize, this would mark the fifth consecutive week of price increases for diesel and the eighth straight week for gasoline.
Supply Chain Issues Drive Price Surge
Bellas identified several key factors contributing to the current market tightness. Middle distillate prices, including diesel, jet fuel, and kerosene, have remained strong due to firm market fundamentals and persistent concerns about supply availability.
The supply tightness stems from multiple sources, including reduced outflows from Northeast Asia as refineries undergo maintenance and experience unplanned outages. Additionally, China has maintained persistently limited exports of these products, further constraining global supply.
Russian supply disruptions continue to represent a major factor in the tight distillate markets, creating additional pressure on prices worldwide.
Contrasting Trends in Gasoline Markets
While diesel prices face upward pressure, Asian gasoline markets have shown some relief this week. Bellas noted that regional gasoline demand has displayed signs of slowing down, contributing to a bearish sentiment in that segment.
Further adding to the downward pressure on gasoline prices is the significant increase in United States gasoline inventories, which rose for the first time in over a month. This development suggests slowing consumption in the world's largest economy, potentially signaling broader economic trends.
Looking ahead, market watchers are closely monitoring several geopolitical factors that could influence price movements. US sanctions on Russian oil majors Lukoil and Rosneft, scheduled for November 21, along with renewed American efforts to end Russia's war on Ukraine, represent major variables that could impact global oil markets in coming trading sessions.
This week, Filipino consumers already experienced significant price increases, with both diesel and gasoline prices rising by PHP1.20 per liter, adding to the financial pressure on households and businesses across the country.
