Benise Balaoing

A price board shows over Php80 per liter of diesel at a gasoline station along EDSA, Mandaluyong City, on March 13, 2026. Another fuel price hike is looming next week as world prices for a barrel of oil soar amid the US-Israel-Iran conflict in the Middle East. Maria Tan, ABS-CBN News 

A price board shows over Php80 per liter of diesel at a gasoline station along EDSA, Mandaluyong City, on March 13, 2026. Another fuel price hike is looming next week as world prices for a barrel of oil soar amid the US-Israel-Iran conflict in the Middle East.
Photo by Maria Tan, ABS-CBN News

Article (news)

OIL PRICE HIKE - PHP 80 per liter

Alvin Elchico

Johnson Manabat

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width: 960px; display: block;" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/178850764043520260904080928_58d2ea16d31acd2a355a5066cc0782af6a8f98cc011fd91a4ed611847257e31c.jpg" style="width: 960px;" class="fr-fic fr-dib" width="960"><span class="fr-inner" style="text-align: left;">A price board shows over Php80 per liter of diesel at a gasoline station along EDSA, Mandaluyong City, on March 13, 2026. Another fuel price hike is looming next week as world prices for a barrel of oil soar amid the US-Israel-Iran conflict in the Middle East. <em>Maria Tan, ABS-CBN News </em></span></span></span></div><p>MANILA &mdash; Oil prices may go up in the second week of September.</p><p>Petroleum prices have so far gone up by the following amounts in the world market:</p><p>&bull; Diesel - P5.10/L<br>&bull; Gasoline - P4.40/L<br>&bull; Kerosene - P5.05/L</p><div><br></div><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 560px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowtransparency="true" allowfullscreen="true" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2095678931802480806&lang=en&maxWidth=560px&origin=https%3A%2F%2Fod2-workbench-web.abs-cbn.com%2F%23%2Fsearch%3F_id%3Durn%3Anewsml%3Aod2-workbench-api.abs-cbn.com%3A2026-09-04T08%3A11%3A55.309427%3Abfdd2dcf-72bd-450d-a2b2-5fc5982fbffe%26item%3Durn%3Anewsml%3Aod2-workbench-api.abs-cbn.com%3A2026-09-04T08%3A11%3A55.309427%3Abfdd2dcf-72bd-450d-a2b2-5fc5982fbffe%26action%3Dedit&sessionId=217aa3e10ae2614df257c23d61ed08b81970dfa4&theme=light&widgetsVersion=6a3ad42b224df%3A1778106238597&width=550px" style="position: static; visibility: visible; width: 506px; height: 506px; display: block; flex-grow: 1;" data-tweet-id="2095678931802480806"></iframe></div><script async="" src="https://platform.x.com/widgets.js" charset="utf-8"></script><div><br></div><p>Ongoing tensions in the Middle East and the <a href="https://www.abs-cbn.com/news/business/2026/9/2/peso-hits-new-all-time-low-of-p62-65-vs-dollar-during-intraday-trading-1041" rel="noopener noreferrer" target="_blank">depreciation of the peso</a> against the dollar are keeping pump prices up.</p><p>The US strike on Larak Island, Iran&rsquo;s missile response against US interests in the Middle East, and President Trump&rsquo;s renewed threats against Kharg Island, have created renewed risk of escalation in the region after more than a month of relative calm, according to industry player Jetti Petroleum.</p><div><a href="https://www.abs-cbn.com/news/world/2026/9/2/iran-strikes-back-against-latest-us-attacks-1219" rel="noopener noreferrer" target="_blank">Iran strikes back against latest US attacks</a></div><div><br></div><div><em>More details to follow.</em></div><div><br></div><div><em>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</em></div>

OIl prices seen climbing in 2nd week of September

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OIl prices seen climbing in 2nd week of September

Alvin Elchico,

Johnson Manabat,

ABS-CBN News

Published September 04, 2026 03:41 PM PHT

Read More:

oil prices

gasoline

kerosene

diesel

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