Fuel prices rise again on August 25

HIKE. A pump attendant fills vehicles with fuel at a gas station in Paco, Manila, on January 12, 2026. Rappler The latest increase follows last week’s hike, marking the second straight week of rising fuel prices Fuel prices in the Philippines are set to increase again starting August 25, following a volatile period in the fuel markets. The latest adjustments include increases in gasoline, diesel, and kerosene prices, continuing a trend of fluctuating prices influenced by global crude oil market conditions. The Philippines, being a net importer of petroleum products, faces significant vulnerability to global oil price changes and geopolitical tensions affecting supply routes. This is AI-generated. Read the article for full context. Report any errors. MANILA, Philippines – Fuel prices are going up again starting Tuesday, August 25, extending another run of pump price increases as fuel markets remain volatile. In a press conference on Monday, August 24, the Department of Energy (DOE) announced the following fuel price adjustments for the week of August 25 to 31: Gasoline – increase of P1.08 per liter Diesel – increase of P2.31 per liter Kerosene – increase of P0.95 per liter Screenshot from Department of Energy press conference, August 24, 2026. The latest increase follows last week’s fuel price hike, when gasoline rose by P2.49 per liter, diesel by P3.84 per liter, and kerosene by P5.01 per liter. That August 18 increase undid the rollback from the previous week, when oil firms cut pump prices by P4.70 per liter for gasoline, P4.30 per liter for diesel, and P4.88 per liter for kerosene. The latest hike shows how quickly domestic pump prices can move as global crude and refined fuel markets react to shifting supply conditions, foreign exchange movements, and geopolitical risks. The DOE’s oil monitor as of August 18 showed that Dubai crude prices increased by around $8.90 per barrel during the August 10 to 14 trading period. International prices of gasoline, kerosene, and diesel also rose by around $6.50 per barrel, $11.50 per barrel, and $11.40 per barrel, respectively. Crude prices edged higher as prospects for a US-Iran agreement made no progress, while both sides continued to assert control over the Strait of Hormuz. The DOE also noted that the number of vessels transiting the strait fell to 16 on August 11 from 17 on August 10. The Strait of Hormuz, the narrow waterway between Iran and Oman, is one of the world’s most important oil shipping routes. Any disruption to tanker traffic can quickly affect global crude and refined product prices. Diesel also remains sensitive to regional supply conditions. The DOE said the Asian diesel market firmed during the August 10 to 14 trading week amid escalating Middle East tensions, while Russia’s extension of its diesel export ban continued to support prices. Local pump prices are well above levels seen before fighting involving Iran and US-Israeli forces broke out on February 28. In the last full week before the conflict, DOE data showed common retail prices in Metro Manila at P56 per liter for gasoline RON95, P54.70 per liter for gasoline RON91, P55 per liter for diesel, and P83.47 per liter for kerosene. The Philippines is a net importer of petroleum products, making local pump prices vulnerable to global oil price swings, foreign exchange movements, regional refined fuel prices, and disruptions in international supply routes. – Rappler.com How does this make you feel? Loading