DOE Eyes Another Big-Time Oil Price Hike Next Week
FUEL PRICE UPDATE – Various gasoline stations in the country are set to implement another big-time oil price hike next week.
On April 7, 2026 (Tuesday), fuel prices are climbing once more, bringing new concern to drivers and commuters across the country. The price increase is linked to ongoing tension in the Middle East, which continues to affect global oil supply and push prices higher.
Recent trading in the international market showed a steady increase in fuel costs, with diesel experiencing the sharpest jump. Gasoline and kerosene also followed the same trend, although at a slower pace.
The strong demand for fuel, especially diesel, combined with limited supply, has kept prices on an upward path.
Just this past week, local fuel companies have already raised pump prices, marking another round of increases for the year. With this latest adjustment, the total rise in fuel costs since January has reached significant levels, putting added pressure on daily expenses.
Here are the projected price increases next week:
- Diesel – P17 to P19 per liter
- Gasoline – P3 to P5 per liter
- Kerosene – P13 per liter
If these increases push through, diesel prices could go beyond P160 per liter, while gasoline may exceed P110 depending on the type.
The expected hike is noticeably higher compared to the previous week, showing that the situation in the global market is becoming more serious. Concerns over supply disruptions, particularly in key oil routes, continue to affect pricing.
The government has extended financial support to public transport drivers. Authorities are also keeping a close watch on fuel supply to prevent hoarding and ensure fair distribution.
While final price changes may still vary, the current trend suggests that motorists and businesses should prepare for another round of fuel increases soon.
The online community expressed their reactions to the looming fuel price increases:
This is a developing report, just visit this website regularly or refresh the page for further updates.
