Motorists in the Philippines faced higher diesel and kerosene prices starting July 14, 2026. The Department of Energy linked the changes to global oil market volatility from tensions between the United States and Iran. Gasoline prices stayed largely stable.
Diesel prices increased by P2.62 to P4.62 per liter while kerosene rose by P2.22 to P4.22 per liter. Gasoline prices either increased or decreased by up to P1 per liter or remained stable. The Department of Energy announced the permitted adjustments on July 13 for the week starting July 14.
Energy Secretary Sharon Garin said the department plans to cap fuel price hikes and mandate minimum rollbacks if volatility continues next week. She noted that renewed geopolitical tensions in the Middle East have raised concerns over global oil supply disruptions. Brent crude climbed to around $79 per barrel.
The average fuel inventory in the Philippines stood at a comfortable level sufficient for about 47.87 days as of July 10. The Civil Aeronautics Board ordered carriers to trim the fuel surcharge to Level 8 for July 16 to 31.
