BUSINESS
Advocates Philippines
Fuel Price Hikes Loom, But Relief May Be Coming Soon
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Motorists can expect another round of fuel price adjustments this week, with diesel and kerosene set for hefty increases while gasoline prices will see only a minimal change.
The Department of Energy (DOE) earlier released the allowable range of pump price adjustments for July 7 to 13, 2026, indicating that gasoline prices could either decrease by as much as ₱1.75 per liter or increase by up to ₱0.25 per liter, depending on the pricing decisions of oil companies.
Major oil firms, however, have announced a ₱0.25-per-liter increase in gasoline prices, the maximum increase within the DOE's allowable range.
Diesel prices will increase by ₱3.57 per liter, while kerosene prices will go up by ₱3.70 per liter, also at the upper end of the DOE's projected range.
The latest adjustments reflect movements in the international oil market, where prices have remained volatile despite signs of easing global supply concerns.
Despite this week's increase, the DOE said there is reason for optimism. Based on last week's trading, global crude oil prices remained below $80 per barrel, a level that could eventually translate into lower fuel prices for Filipino consumers.
Energy Secretary Sharon Garin said that if the downward trend in crude oil prices continues, local pump prices could return to pre-war levels within the next couple of months.
Industry observers attributed the easing of global oil prices to improving supply conditions and reduced concerns over geopolitical disruptions, although market volatility continues to influence weekly pump price adjustments.
Oil companies adjust their fuel prices every Tuesday based on movements in the international petroleum market. Motorists are advised to monitor official announcements from their preferred fuel retailers for the final pump prices.
The Department of Energy (DOE) earlier released the allowable range of pump price adjustments for July 7 to 13, 2026, indicating that gasoline prices could either decrease by as much as ₱1.75 per liter or increase by up to ₱0.25 per liter, depending on the pricing decisions of oil companies.
Major oil firms, however, have announced a ₱0.25-per-liter increase in gasoline prices, the maximum increase within the DOE's allowable range.
Diesel prices will increase by ₱3.57 per liter, while kerosene prices will go up by ₱3.70 per liter, also at the upper end of the DOE's projected range.
The latest adjustments reflect movements in the international oil market, where prices have remained volatile despite signs of easing global supply concerns.
Despite this week's increase, the DOE said there is reason for optimism. Based on last week's trading, global crude oil prices remained below $80 per barrel, a level that could eventually translate into lower fuel prices for Filipino consumers.
Energy Secretary Sharon Garin said that if the downward trend in crude oil prices continues, local pump prices could return to pre-war levels within the next couple of months.
Industry observers attributed the easing of global oil prices to improving supply conditions and reduced concerns over geopolitical disruptions, although market volatility continues to influence weekly pump price adjustments.
Oil companies adjust their fuel prices every Tuesday based on movements in the international petroleum market. Motorists are advised to monitor official announcements from their preferred fuel retailers for the final pump prices.
Jul 6, 2026
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