00:00Motorists and transport operators are bracing for another sharp increase in fuel prices next week amid ongoing tensions in the
00:08Middle East.
00:09Diesel prices are projected to rise by 17 to 19 pesos per liter, while gasoline may increase by 3 to
00:155 pesos per liter.
00:17If implemented, diesel prices could climb to around 166 pesos per liter, nearing record levels, while gasoline may reach about
00:25120 pesos per liter.
00:27Industry sources say the spike is driven by tight regional supply and renewed fears of military escalation, which continue to
00:34push global oil prices higher.
00:36For the Philippines, a net importer of fuel, the increase is expected to put pressure on transport fares and the
00:42cost of basic goods.
00:44Consumers and operators are now watching for possible government intervention, including subsidies, to help cushion the impact of rising fuel
00:51prices.
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