Benise Balaoing

Fuel prices are displayed at a gasoline station in Quezon City on April 7, following another round of fuel price hikes. Oil companies raised gasoline prices by as much as P5.90 per liter and diesel by up to P19.80 per liter, marking one of the largest increases in recent weeks. Maria Tan, ABS-CBN News

Article (news)

OIL PRICE HIKE

Alvin Elchico

ABS-CBN News

MANILA -- Fuel prices are seen going up in the third week of August.Based on the first three days of trading on the world market, oil prices may move by the following amounts:Diesel - P4.88/L increase Gasoline - P2.99/L increase Kerosene - P5.20/L increaseOil prices have been swinging wildly since the US and Israel launched attacks against Iran at the end of February. US President Donald Trump has made several announcements about the end of hostilities with Iran, only to take them back a few days later amid continuing disagreements.<div><a href="https://www.abs-cbn.com/news/world/2026/8/14/vance-says-low-oil-prices-are-top-us-goal-in-iran-conflict-0837" rel="noopener noreferrer" target="_blank">Vance says low oil prices are top US goal in Iran conflict</a></div>

Fuel prices are seen going up in the third week of August.

Fuel prices are seen going up in the third week of August.

Oil prices up in first 3 days of trading on world market

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Oil prices up in first 3 days of trading on world market

Alvin Elchico,

ABS-CBN News

Published August 14, 2026 10:57 AM PHT

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