Motorists are facing a brutal week at the pumps as the Department of Energy (DOE) confirmed another massive fuel price hike effective March 24 to 30, 2026.

This marks the third consecutive week of significant "mega" adjustments driven by the escalating conflict in the Middle East.

According to data released by the DOE on Tuesday, diesel prices are projected to spike by as much as ₱15.00 to ₱18.00 per liter, potentially pushing the retail price of the commodity past the ₱130 per liter mark.

Gasoline prices are likewise expected to rise by ₱8.00 to ₱12.00 per liter, which could see prices at some stations breach P100 per liter.

Kerosene, a vital fuel for many households and the aviation industry, is seeing the steepest range of adjustments, with an increase of P12.00 to P22.00 per liter.

Geopolitical Pressures

Energy Secretary Sharon Garin addressed the public in a virtual press briefing, emphasizing that the current price volatility is a direct fallout of the escalating hostilities in the Middle East.

"The increase is still attributed to the ongoing conflict," Garin stated, noting that international markets are reacting sharply to supply disruptions and regional instability.

While the DOE has encouraged oil companies to implement staggered increases to cushion the blow, the sheer magnitude of the global surge has made double-digit weekly hikes unavoidable for most retailers.

However, a disconnect has emerged between national supply levels and local availability.

Speaking on DZRH’s Dos Por Dos, the Bureau of Customs (BOC) confirmed that the Philippines actually holds a significant surplus of petroleum products compared to last year. This data effectively debunks claims of a nationwide supply thinning.

Despite this surplus, the retail landscape remains in a state of flux. The relentless price hikes and the sudden shutting down of at least 400 gasoline stations across the country have raised concerns over the stability of the domestic market, prompting investigation from the NBI.