Fuel price hikes seen next weekBased on the four-day trading in the Mean of Platts Singapore, local industry experts indicated a potential price increase of P1.20 to P1.40 per liter for diesel and P0.30 to P0.50 per liter for gasoline next week. MANILA, Philippines — January is set to close with another price hike at the pump, as geopolitical risks and stronger demand drive global oil prices higher. Based on the four-day trading in the Mean of Platts Singapore, local industry experts indicated a potential price increase of P1.20 to P1.40 per liter for diesel and P0.30 to P0.50 per liter for gasoline next week. Kerosene prices, meanwhile, could climb by around P0.45 per liter. Final price adjustments will be announced on Monday and will take effect the following day.

Source: Philippine Star January 23, 2026 16:03 UTC