Another diesel price increase loomsFollowing a week of limited global market activity, Jetti Petroleum president Leo Bellas indicated a potential price hike of P0.20 to P0.40 per liter for diesel. MANILA, Philippines — Diesel prices are expected to increase further next week, as geopolitical risks threaten to disrupt global oil supplies. Following a week of limited global market activity, Jetti Petroleum president Leo Bellas indicated a potential price hike of P0.20 to P0.40 per liter for diesel. Both diesel and gasoline prices in the Mean of Platts Singapore edged lower this week following a recovery in regional refinery output. Last week, diesel and kerosene prices went up, while gasoline held steady.

Source: Philippine Star January 02, 2026 16:36 UTC