Fuel prices rise despite rollback projectionsMotorists fill their tanks in a gas station along Philcoa in Quezon City before the Holy Week in 2023. MANILA, Philippines — Fuel prices rose this week instead of declining as industry experts earlier projected. Local industry experts and the Department of Energy’s Oil Industry Management Bureau had anticipated a slight drop in fuel prices this week after global oil prices softened on expectations of increased crude supply, including the possibility of higher output from Venezuela. According to a Reuters report, oil prices were volatile over the past week, with Brent crude showing little movement, according to the latest data. As a result, fuel prices in the Philippines are now over P20 per liter higher for gasoline and diesel compared with the start of 2025.

Source: Philippine Star January 12, 2026 12:22 UTC