Julia Christine Botin

Article (news)

Arthur Fuentes

ABS-CBN News

<div><br/></div><p>MANILA – Pump prices have effectively doubled since the end of February, after the US and Israel launched strikes against Iran and sent world crude prices skyrocketing. </p><p>Based on data from the <a href="https://doe.gov.ph/articles/group/liquid-fuels?category=Oil%20Monitor&amp;display_type=Card" rel="noopener noreferrer" target="_blank">Department of Energy’s Oil Monitor website</a>, diesel prices in the National Capital Region ranged from P48 to P65.39 per liter from Feb. 24 to March 2, or the last week before the outbreak of war in the Middle East. </p><p>Unleaded gasoline prices during the same period meanwhile, ranged from P49.00 to P63.49 per liter, while kerosene ranged from P77.40 to P98.89 per liter.</p><table style="width:100%"><tbody><tr><td colSpan="4" style="width:99.6516%;background-color:rgb(204, 204, 204)"><div style="text-align:center"><strong>FUEL PRICE MOVEMENTS IN NCR SINCE US, ISRAEL WAR VS IRAN</strong></div></td></tr><tr><td style="width:25.0000%"><div style="text-align:center"><strong>Fuel</strong></div></td><td style="width:25.0000%"><div style="text-align:center"><strong>March 2 price</strong></div></td><td style="width:25.0000%"><div style="text-align:center"><strong>April 6 price</strong></div></td><td style="width:25.0000%"><div style="text-align:center"><strong>Estimate April 7</strong></div></td></tr><tr><td style="width:25.0000%">Diesel</td><td style="width:25.0000%"><div style="text-align:center">48.00 - 65.39*</div></td><td style="width:25.0000%"><div style="text-align:center">110.00 - 144.90*</div></td><td style="width:25.0000%"><div style="text-align:center">127.95 - 164.70</div></td></tr><tr><td style="width:25.0000%">Gasoline</td><td style="width:25.0000%"><div style="text-align:center">49.00 - 63.49*</div></td><td style="width:25.0000%"><div style="text-align:center">81.00 - 105.60*</div></td><td style="width:25.0000%"><div style="text-align:center">85.90 - 111.50</div></td></tr><tr><td style="width:25.0000%">Kerosene</td><td style="width:25.0000%"><div style="text-align:center">77.40 - 98.89*</div></td><td style="width:25.0000%"><div style="text-align:center">149.89 - 168.00*</div></td><td style="width:25.0000%"><div style="text-align:center">157.99 - 177.10</div></td></tr><tr><td colSpan="4" style="width:99.6516%;text-align:right">*Figures culled from DOE Oil Monitor</td></tr></tbody></table><div><br/></div><p>As of March 31 to April 6, or the last updated matrix of pump prices on the DOE website, diesel prices in the NCR ranged from P110 to P144.90 per liter. Gasoline prices meanwhile ranged from P82.20 to P114.90 per liter, and kerosene ranged from P149.89 to P168 per liter. </p><p>If the P17.95 to P19.80 per liter hikes for diesel <a href="https://www.abs-cbn.com/news/business/2026/4/6/diesel-to-post-double-digit-hikes-again-on-tuesday-1506" rel="noopener noreferrer" target="_blank">implemented on April 7</a> are included, this means that diesel now costs between P127.95 to P164.70 per liter. </p><p>If we include the P4.90 to 5.90 price increases for gasoline, it will now cost between P87.10 to P120.80 per liter. Kerosene would also now cost between P157.99 to P177.10 once the P8.10 to 9.10 price hikes on Tuesday are added. </p><p>The price surge for diesel is dramatic, from a low of P48 per liter at the end of February to an estimated high of P164.70 this week.</p><p>Gasoline has also surged from a low of P49 per liter at the end of February to a high of P111.50 this week. Kerosene has also surged from a low of P77.40 to an estimated high of P177.10.</p><p>These prices are just for Metro Manila. Prices in other regions could be higher due to transport costs.</p><p>Fuel prices have been cited as a big factor in <a href="https://www.abs-cbn.com/news/business/2026/4/7/inflation-quickens-to-4-1-percent-in-march-0905">pushing up inflation in March to 4.1 percent</a>, or above the government’s target range of 2 to 4 percent.</p><div><br/></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/AEotfOgB4W4?&amp;pp=0gcJCdkKAYcqIYzv&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/sqBIhlCLCpE?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>Pump prices have effectively doubled since the end of February, after the US and Israel launched strikes against Iran and sent world crude prices skyrocketing.</p>

Pump prices have effectively doubled since the end of February, after the US and Israel launched strikes against Iran and sent world crude prices skyrocketing.

Fuel prices more than double since end of February

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Fuel prices more than double since end of February

Arthur Fuentes,

ABS-CBN News

Published April 07, 2026 05:00 PM PHT

|

Updated April 07, 2026 05:20 PM PHT

Read More:

oil prices

crude oil

diesel

gasoline

kerosene

DOE

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