Oil Monitor as of 25 March 2025

Date published: March 26, 2025

WORLD OIL PRICES (March 17-21, 2025, trading days)

The week-on-week price of Dubai crude increased by $1.50 per barrel.  The international prices of gasoline have also increased by about $1.90 per barrel along with kerosene by about $0.70 per barrel and diesel by around $0.30 per barrel. 

Reasons for the Price Adjustment1

  • The week-on-week price of Dubai crude increased by $1.50 per barrel.  The international prices of gasoline have also increased by about $1.90 per barrel along with kerosene by about $0.70 per barrel and diesel by around $0.30 per barrel. 
  • Global economic challenges, slowing petrochemical demand recovery and volatile crude prices will continue to pressure market prices in the coming weeks.
  • The Asian gasoline market complex softened on expected lackluster in demand due to weaker economic outlook amid narrowing US RBOB-Brent crack.  Meanwhile, Asian gasoline is rangebound to stronger on reduced refining output due to refinery turnarounds,  
  • The Asian ultra-low sulfur gasoil fell amid a well-supplied market and high inventories.  The past two weeks have pointed to bearish gasoil premiums, with rising freights and further unrest at the strikes in Yemen and Gaza would add uncertainties of transit via the Red Sea.
  • The Asian kerosene/jet complex was seen stable to slightly firmer though supply and demand fundamentals remained slow amid healthy supply availability in the region and sluggish demand.  Air travel demand in Indonesia during Ramadan is expected to slow down.

FOREX:  The week-on-week average of Philippine peso appreciated versus the US dollar by P0.08 to P57.25 from P57.33 in the previous week.

 

DOMESTIC OIL PRICES

Effective 25 March 2025, local oil companies implemented a price increase of P1.10/liter for gasoline and P0.40/liter for diesel and kerosene. 

Year-to-date, gasoline and diesel have a total net increase of P3.25/liter while kerosene has a total net decrease of P0.30/liter.

 

For the updated prevailing retail pump prices, please refer to this link:

Other recommended reference sites:                

1 Asia Pacific 21 March 2025 Weekly Oil Recap by S & P Global Platts Analytics

For more information, call the

Department of Energy
Pricing: 8840-2187
LPG: 8840-2130
Fuels: 8840-5669

Website: https://www.doe.gov.ph

 

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