Fuel prices across the country are expected to rise sharply this week, with diesel likely to see another double-digit increase, according to a local fuel retailer.
Gasoline prices may go up by ₱7.50 to ₱8.50 per liter, while diesel could increase by ₱16.50 to ₱17.50 per liter. The projected hikes are based on global oil price movements, which remain high due to the ongoing conflict in the Middle East.
If implemented, gasoline prices (RON91) may range from ₱89.40 to ₱94.10 per liter, while diesel could reach ₱118.90 to ₱123.40 per liter. There is no forecast yet for kerosene, which last week sold between ₱128.10 and ₱130.10 per liter.
The Department of Energy (DOE) may ask oil companies to stagger the price increases, but no official announcement has been made.
Meanwhile, Energy Secretary Sharon Garin said India has agreed to supply petroleum products to the Philippines, though details were not disclosed.
To address possible supply issues, the DOE has issued a circular allowing the temporary and controlled use of Euro 2 fuel, which is cheaper but contains more sulfur than the current Euro 4 standard.
The DOE said this is a short-term measure to ensure enough fuel supply during global market volatility. Euro 2 fuel will only be allowed for certain uses, including older vehicles (2015 and earlier), traditional jeepneys, power plants, generators, and marine transport.
Authorities stressed that Euro 4 fuel standards remain in effect, and strict rules will be enforced to prevent misuse. Fuel companies must keep Euro 2 and Euro 4 products separate, clearly label Euro 2 fuel at stations, and ensure consumers are informed about compatibility.
The DOE warned that violations, including fuel adulteration and failure to meet quality standards, will face penalties.
The temporary policy was finalized after consultations with the oil and automotive industries earlier this month.
