Benise Balaoing

Motorists line up at a gasoline station along Philcoa in Diliman, Quezon City on Friday, March 6, in a rush to refuel ahead of the expected fuel price increase next week. Long queues of cars and motorcycles formed as drivers tried to fill up before the anticipated hike in gasoline and diesel prices.  Maria Tan, ABS-CBN News

Article (news)

OIL PRICE HIKE

Alvin Elchico

ABS-CBN News

<p>MANILA — Oil prices rose further on the second day of trading in the world market as tensions in the Middle East continue to increase amid US and Iran trading attacks.</p><p>Based on the first 2 trading days in the Mean of Platts Singapore, prices of all fuel products are up from Monday&#x27;s trade:</p><p>Diesel - P3.50/L increase</p><p>Gasoline - P3.30/L increase</p><p>Kerosene - P3.30/L increase</p><p>As the US and Iran exchange airstrikes, it fuels fear of a return to wider hostilities, threatening the flow of oil supply all over the world.</p><div><a href="https://www.abs-cbn.com/news/business/2026/9/1/lpg-prices-lower-by-p0-40-kg-in-september-1201"><strong>LPG prices lower by P0.40/kg in September<br/></strong></a></div><div><br/></div><div><strong>LPG PRICES</strong></div><p>Meanwhile, no liquefied petroleum gas (LPG) seller has issued a rollback advisory, despite the Department of Energy&#x27;s press release on Monday that cooking gas prices are going down by P0.40/kilo this month.</p><p>Regasco president Arnel Ty objected and insisted that there is no basis to implement a rollback as the contract price and shipping cost of LPG rose in the international market.</p><p>According to Ty, the weaker peso versus the US dollar exchange rate also contributed to the overall upward adjustment for September.</p><p>Solane and Petron Gasul have not issued any rollback advisory, while Regasco stood by its earlier statement that the company will not move prices for the whole of September in deference to the many provinces that declared a state of calamity.</p>

<p>Oil prices rose further on the second day of trading in the world market as tensions in the Middle East continue to increase amid US and Iran trading attacks.</p>

Oil prices rose further on the second day of trading in the world market as tensions in the Middle East continue to increase amid US and Iran trading attacks.

Fuel prices rise further after 2 trading days on the world market

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Fuel prices rise further after 2 trading days on the world market

Alvin Elchico,

ABS-CBN News

Published September 02, 2026 03:27 PM PHT

Read More:

LPG

oil prices

gasoline

kerosene

diesel

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