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Philippine Fuel Prices to Soar on Dwindling Hopes for US-Iran Peace Deal

Guavy AI Editorial Team Published August 16, 2026

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Oil

Fuel prices in the Philippines are projected to rise by more than PHP4 per liter this week, according to Jetti Energy.

The increase is due to higher oil prices in the international market, which have surged as hopes for a peace pact between the US and Iran fade.

Diesel prices are expected to rise between PHP3.75 and PHP4.25 per liter, while gasoline prices may increase from PHP2.50 to PHP3 per liter.

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