Motorists and transport operators in the Philippines are bracing for another sharp fuel price hike next week due to volatility in Middle East tensions affecting global oil markets.
Diesel prices are projected to rise ₱17–₱19 per liter, potentially reaching ₱166 at the pump, while gasoline may increase ₱3–₱5 per liter to around ₱120.
The spike is driven by tight supply and heightened risk premiums as traders react to possible military escalation in the Persian Gulf.
As a net fuel importer, the Philippines faces higher transport fares and rising delivery costs for goods, adding strain to the economy.
Local oil companies are preparing for the adjustments, while consumers and investors await possible government subsidies to ease the impact of the steep increases.
Source: PhilNews24 | April 4, 2026
FUEL COSTS SPIKE NEXT WEEK WITH DIESEL UP ₱19 AND GASOLINE ₱5
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