Photorealistic depiction of soaring kerosene prices at a Santiago gas station, with concerned locals amid Chile's fuel crisis news.
Photorealistic depiction of soaring kerosene prices at a Santiago gas station, with concerned locals amid Chile's fuel crisis news.
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Kerosene price rises $107.4 per liter starting Thursday in Chile

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Enap announced a new $107.4 per liter increase in kerosene (parafina) prices, adding to last week's $107.9 rise, pushing Santiago prices near $1,400. The government is reviewing changes to Mepco and FEPP amid Middle East conflict pressures and fiscal constraints. Minister García Ruminot said a proposal will be resolved soon.

The National Petroleum Company (Enap) reported that starting Thursday, March 19, the reference price of kerosene will rise $107.4 per liter, following a similar $107.9 increase last week. In Santiago, parafina will approach $1,400 per liter, according to La Tercera data. Other fuels like gasoline, diesel, and vehicular LPG show $0 variations this week; new gasoline prices will be announced next Wednesday, as they adjust every three weeks by Enap, which does not set final prices—distributors do, factoring in U.S. Gulf Coast import costs, shipping, and mechanisms like Mepco and FEPP.

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Discussions on X highlight outrage over Enap's $107 per liter kerosene price hike effective March 19, pushing Santiago prices near $1,400 amid winter. Left-leaning users criticize the Kast government for impacting the poor and contradicting stabilization promises. Supporters attribute it to prior rises under Boric, Middle East tensions, and kerosene's limited coverage by MEPCO/FEPP funds. Journalists note it's the second consecutive weekly increase.

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Realistic depiction of a gas station with surging fuel prices amid US-Iran tensions and oil disruptions.
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Oil firms hike fuel prices again on April 7

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Oil companies raised fuel prices again on Tuesday, April 7, 2026, with diesel hikes up to P19.80 per liter. The increases stem from ongoing US-Iran tensions and global oil supply disruptions. This marks the 13th to 15th consecutive weekly rise.

Chile's National Petroleum Company (Enap) released its weekly price report, showing rises in gasoline and diesel prices from Thursday, April 16. 93-octane gasoline will increase by $20.2 per liter and 97-octane by $22.3, while diesel rises $36.4. The Mepco mechanism cushioned the hike, according to the undersecretary of Finance.

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The National Petroleum Company reported minor fuel price changes on Wednesday that take effect Thursday, May 7. 93-octane gasoline rises 0.1 pesos per liter and diesel falls 47.3 pesos, while kerosene stays the same.

Fuel prices in the Philippines are set to surge next week due to escalating tensions in the Middle East, according to the Department of Energy. Minimum increases are estimated at P19 per liter for diesel, P9 for gasoline, and P31 for kerosene, though diesel could reach P90 per liter without staggered hikes. The DOE has warned against hoarding and price manipulation.

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Oil companies raised gasoline and diesel prices on May 19 while lowering kerosene rates, citing renewed geopolitical risks in the Middle East. The Department of Energy set maximum adjustments to stabilize the market.

Fuel prices in France have surged following Israeli-American strikes on Iran, reaching one-year highs. The government is closely monitoring the situation and has summoned distributors to verify price adjustments. TotalEnergies maintains a cap at 1.99 euros per liter in several stations.

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Following initial DOE warnings earlier this week, local oil retailers in the Philippines will implement double-digit fuel price increases of P17 to P24 per liter starting March 10, amid ongoing Middle East tensions. President Marcos plans to seek emergency powers to cut excise taxes.

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