Expect more price hikes as the Middle East war reaches a stalemate
Trouble in the Middle East continues to affect pump prices on our side
Sustained clashes over the past week between Iran and the United States have triggered another price surge for oil in the global market. Both sides began exchanging fire early last week, resulting in tanker traffic passing through the Strait of Hormuz reaching
The ’Ber months kick off with much-needed rollbacks
September kicks off with a round of rollbacks motivated by progress being made in negotiations to reopen the Strait of Hormuz. This comes as much-needed relief after consecutive weeks of price closing out August.For the period of September 1 to
by Angelo Nieto
The month closes out with more fuel hikes
The continuation of stalled US-Iran diplomacy and restricted Strait of Hormuz traffic over the past week has translated into another round of fuel price hikes for the last week of August.For the period of August 25 to 31, 2026, the
This week’s price hikes partially undoes last week’s rollbacks
Peace talks between Iran and the United States stalled again last week, leading observers and analysts to believe the war in the Middle East will not end anytime soon. Compounded by the continued strikes on oil tankers in and around the Strait
Good news despite the gloomy weather
Following renewed optimism for a peace deal to end the ongoing war in the Middle East, the price of oil in the international market has gone down significantly. As of this week, the Department of Energy continues to dictate calculated price adjustments
A very small relief after the past few weeks of price hikes
A lull in hostilities between Iran and the United States allowed market prices for oil to dip slightly over the past week. This effect was dampened by on-and-off strikes from both sides, but the week still closed with an overall
A deteriorating Middle East situation sent the market into a frenzy last week
Momentum from last week's price increases are set to continue past the end of July and into the start of August as conflict in the Middle East continues. Though the Department of Energy skipped holding a press conference this morning to
by Angelo Nieto
The DOE has requested oil companies to stagger the increases
As expected by market observers, the renewed conflict in the Middle East has kicked up oil prices in the world market, resulting in big pump price increases in the Philippines. The Department of Energy has also returned to prescribing fixed values for
Bad news all around as conflict in the Middle East reignites
Hostilities have reignited in the Middle East, causing Iran to shut down the Strait of Hormuz once again and the United States to declare the ceasefire as "over." As a result, the price of oil in the international market has skyrocketed anew,
DOE secretary Garin says “the worst is over”
The Department of Energy announced its permitted ranges of fuel price adjustments earlier today at its weekly press conference. In disappointing news to many motorists, fuel prices continue to climb this week despite Dubai crude oil steadily returning to pre-war prices.
The energy landscape of today is far more uncertain than three decades ago
In its weekly Monday press conference, the Department of Energy announced that it has formally proposed amendments to Republic Act No. 8479 or the Downstream Oil Industry Deregulation Act of 1998, also known as the Oil Deregulation Law. Secretary Sharon Garin describes
by Angelo Nieto
The company currently owns 25% of Unioil Petroleum Philippines
Saudi Arabian oil firm Aramco recently announced that it will be opening its own network of fuel stations here in the Philippines. Officially called Aramco Stations Philippines, it is still unclear where and when the company will open its first pumps.Since
by Billy Caluag
The fragile peace agreement in the Middle East stirs up oil prices again
At its press conference earlier today, the Department of Energy (DOE) released its weekly range of permitted price movements. As expected, due to tensions in the Middle East threatening a fragile peace agreement, fuel prices are going up again this week.For
Big price drops across the board, but fuel could jump again next week
Following the signing of a peace treaty between Iran and the United States last week, prices for oil have dropped in the global market. In turn, the Department of Energy (DOE) has released its mandated rollbacks for fuel prices for the coming
Here’s to hoping the war ends soon
Continuing from last week, today's Deparment of Energy (DOE) mandate for fuel price movements provide an allowed range of movements instead of a fixed price adjustment. These prices should reflect Tuesday, June 16th, at 6am.For the week of June 16
Minor hike for gas, big jump for diesel and kerosene
Stalled diplomacy negotiations in the Middle East have stirred up the trading market once again, causing prices for fuel to rally. As with previous weeks, the Department of Energy (DOE) is dictating the movement of fuel prices this week as part of
A major price reduction is very welcome after the past few weeks
June begins with a major fuel price rollback, with the Department of Energy (DOE) releasing the price cuts ahead of their implementation.For the week of June 2 to June 8, 2026, gasoline prices will go down by P4.76 per liter,
Bigger hikes as the midpoint of the year approaches
Despite estimates from the Mean of Platts Singapore indicating minor to moderate price hikes for fuel this week, the adjustments called for by the Department of Energy (DOE) are much larger than expected.For the week of May 26 to June 1,
The rollbacks were good while they lasted
Fuel costs are set to rise this week, as the Department of Energy has just shared the official price adjustment. These increases follow a welcome rollback on diesel in the previous week, as gasoline prices persistently get higher.For the week of
The offer is available at certain Shell locations
Shell Philippines has confirmed that its fuel discounts are back from Friday, May 15, to Thursday, May 21, 2026. Discounts do vary between gasoline and diesel, and only certain stations will participate. Read on to see full details of this promotion.Starting
by Billy Caluag
