As of August 9, 2025, fuel prices are fluctuating across different regions, with some areas anticipating price rollbacks while others experience stability or slight increases. Several factors influence these changes, including global oil production, geopolitical tensions, and regional economic policies.
Global Market Influences
The Organization of the Petroleum Exporting Countries (OPEC+) has played a significant role in shaping fuel prices. Increased output from OPEC+ nations is expected to push prices down in some regions. For instance, the Department of Energy’s Oil Industry Management Bureau (OIMB) attributed upcoming fuel price rollbacks to OPEC+'s planned production increase of 547,000 barrels per day. However, the potential for US tariffs on buyers of Russian oil is creating uncertainty in the market.
Geopolitical factors, such as the war in Ukraine, also impact fuel prices. Expectations of a diplomatic resolution to the conflict have led to a weakening of oil prices. Additionally, increased supply from Chinese refiners is putting pressure on Asian diesel and gasoline price markers.
Regional Price Variations
In the Philippines, industry sources estimate a potential per-liter price rollback of P0.40 to P0.60 for gasoline and P1.30 to P1.50 for diesel next week. These estimates are based on the four-day trading of Mean of Platts, Singapore (MOPS), which is the pricing basis for refined goods in Southeast Asia. It's worth noting that the Philippines saw increases last Tuesday, with gasoline, diesel and kerosene prices increasing by P1.90, P1.20 and P1 per liter, respectively.
In Malaysia, for the week of August 7, 2025, to August 13, 2025, diesel in Peninsular Malaysia has increased by 3 sen to RM2.94 per litre. RON97 remains unchanged at RM3.17 per litre, RON95 stays at RM2.05 per litre, while diesel in East Malaysia is maintained at RM2.15 per litre. The Malaysian government continues to monitor global crude oil prices and take appropriate measures to ensure the welfare of the people.
In India, diesel prices vary significantly across states. On August 9, 2025, the highest diesel rates were recorded in Andhra Pradesh at Rs 97.39 per litre, while the lowest price was seen in Mizoram at Rs 81.31 per litre. In Goa, the diesel price remains stable at Rs 87.95 per litre.
Factors Influencing Local Prices
Several factors influence the diesel rates, including the Rupee to US dollar exchange rate, the cost of crude oil, global cues, and fuel demand. These rates are determined by leading oil marketing companies in India, such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum.
Looking Ahead
Motorists can expect some relief in fuel prices in the coming week in certain regions, while others may experience price stability or slight increases. Monitoring global oil market trends and geopolitical developments remains crucial for understanding future price adjustments.
