Another painful hit for diesel drivers’ wallets
A larger-than-expected hike for diesel drivers, a major relief for gas buyers
The prices of gasoline and diesel switch trajectories this week, with both fuels seeing major movement. But diesel's increase comes as a surprise, given that industry forecasts made last week expected the price of diesel to remain steady.For the period
Gas buyers will have to endure another week of hikes
The momentum of prices at the pump are maintaining course this week as international policy around reserves of fuel affects the market. While China suspended export of refined petroleum (including gasoline), G7 member countries also moved to release 100 million barrels of
The relief is welcome, and the hope is that prices continue to fall
Although the situation in the Middle East remains tense, spots of optimism have brought down the price of crude. These come in the form of Iran expressing willingness to negotiate terms on the Strait of Hormuz's reopening, as well as Saudi
Some firms will be staggering the diesel hikes over two days
Brent crude maintained a trading price of over $100 over the past week as the situation in the Middle East remained tense.For the period of September 22 to 28, 2026, the price of diesel will go up by P8.82 per
Expect more price hikes as the Middle East war reaches a stalemate
The price of oil in the international market has breached $100 per barrel, and continues to approach the $120 high set earlier in the Middle East war during March. This is in light of the continued strikes from both sides against tankers
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 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
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,
