MOTORISTS are bracing for another round of increases in pump prices next week as supply disruptions persist due to the ongoing conflict in the Middle East.
Based on recent trading data from Mean of Platts Singapore and foreign exchange rates, an industry source projected adjustments of ₱1.00 to ₱1.30 per liter for diesel and ₱1.20 to ₱1.50 per liter for gasoline. The source noted that diesel costs remain high because of rising crude prices and difficulties in securing raw materials for Asian refineries, while gasoline prices are driven up by tight global supplies, reduced production in Europe, and growing demand from the United States as its summer season begins.
Although there has been slight easing in global rates recently amid positive developments in US-Iran peace talks, prices remain volatile due to lingering geopolitical uncertainties. Fuel firms typically announce changes every Monday, which take effect the following day.
This week alone, prices went up by ₱1.20–₱1.21 per liter for gasoline and ₱2.80–₱2.82 per liter for diesel, while kerosene dropped by ₱2.11 per liter. With this latest adjustment, total net increases since the start of 2026 have reached ₱48.12 per liter for gasoline, ₱44.84 per liter for diesel, and ₱39.05 per liter for kerosene, according to Department of Energy records.
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