Motorists in the Philippines will face another significant increase in fuel prices next week, with diesel expected to rise by approximately ₱9.80 to ₱10.20 per liter and gasoline by ₱3.00 to ₱3.50 per liter, based on the four-day trading average of the Mean of Platts Singapore (MOPS). The adjustments are set to take effect on Tuesday, July 18, 2026.
The price hikes are attributed to escalating geopolitical tensions in the Middle East, particularly the ongoing conflict between Israel and Hamas, which has raised concerns about potential disruptions to oil supply from the region. Additionally, tightening global supply of refined oil products, including diesel and gasoline, has contributed to the upward pressure on prices.
Industry sources indicate that the increase in diesel prices is more pronounced due to higher demand for the fuel in the agricultural and logistics sectors, as well as reduced refinery output in some regions. Gasoline prices, while also rising, are expected to see a more moderate increase.
This marks the third consecutive week of price increases for both fuels, adding to the financial burden on consumers and businesses. The Department of Energy has advised the public to monitor fuel consumption and consider alternative modes of transportation where possible.
