Consumers could soon be hit with another round of steep fuel price increases, with substantial upward adjustments projected across gasoline, diesel, and kerosene products, according to early assessments from the Department of Energy (DOE).
Preliminary data from the DOE’s Oil Industry Management Bureau, gathered during the opening four sessions of the international trading week, suggests that gasoline costs could climb by ₱3 to ₱4 per liter.
Even more severe spikes are anticipated for other petroleum products. Diesel prices are on track for a sharper surge, with estimated increases landing between ₱10 and ₱11 per liter.
Meanwhile, kerosene users may see the most painful adjustment, with prices potentially escalating by ₱11 to ₱12 per liter.
The DOE linked the impending price surges to flaring geopolitical frictions in the Middle East, which have triggered global market anxieties regarding potential supply chain disruptions.
However, energy officials clarified that these projected numbers are not yet final. Because the calculations rely strictly on the first four trading days of the global market cycle, the ultimate price adjustments could fluctuate depending on how the concluding trading session wraps up.
Oil firms are slated to announce their official price adjustments on Monday, with the new rates taking effect at the pumps the following day.