Steep fuel prices seen next week as firms weigh staggered hikesGas station attendants refuel vehicles in Quezon City on March 2, 2026, a day ahead of the expected oil price hike. Fuel product Forecast minimum increase next week Unit Diesel P19.00 per liter Gasoline P9.00 per liter Kerosene P31.00 per literWhat about staggered increases? "Kung malaki daw masyado, baka mag-daily sila ng staggered increase. (If it's too steep, they could opt for daily staggered increase. Higher than earlier projectionsThe DOE estimates are higher than earlier projections cited by industry sources earlier in the week.

Source: Philippine Star March 07, 2026 15:49 UTC