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Fuel prices set to rise for 9th straight week

Manila Bulletin

|

February 28, 2026

Domestic fuel prices are set to rise for the ninth consecutive time next week as escalating Middle Eastern tensions and shifting Asian trade dynamics outweigh more optimistic global supply forecasts.

- By GABRIELL CHRISTEL GALANG

Gasoline prices are projected to increase by P1.40 to P1.60 per liter, while diesel may rise by Po.80 to P1 per liter, according to the four-day trading data from the Mean of Platts Singapore and foreign exchange averages. Kerosene is also expected to climb by approximately P0.90 per liter.

The projected adjustments reflect the global oil market struggling for direction. While investors are closely monitoring potential diplomatic breakthroughs between the United States (US) and Iran following a third round of bilateral discussions, the immediate supply outlook remains constricted by military and economic pressure.

Manila Bulletin

यह कहानी Manila Bulletin के February 28, 2026 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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