Staggered fuel price hikes start next weekMANILA, Philippines — Oil players in the Philippines are “amenable” to staggered fuel price increases, which the Department of Energy (DOE) plans to implement starting next week. Traditionally, firms have responded positively.”The DOE will only know by the weekend how much fuel prices will increase, effective Tuesday, based on five-day trading in global oil markets. National Statistician Claire Dennis Mapa, however, warned that inflation could further pick up in the coming months, as fuel price hikes spill over into other commodities such as food and water. “When global oil prices rise, transportation fares, electricity rates, and food prices also go up, and ordinary Filipinos suffer the most. We must act early to protect Filipino consumers from sudden oil price shocks that hurt families and small businesses,” Rep. Nathan Oducado said.

Source: Philippine Star March 05, 2026 16:34 UTC