Jamaine Punzalan

Motorists fill up at a gas station in Quezon City, May 28, 2018. Jonathan Cellona, ABS-CBN News/File

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<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="blob:https://od2-workbench-web.abs-cbn.com/2b8c1663-b974-463d-bbc7-0759b13596cc" style="width:960px" class="fr-fic fr-dib" width="960"/><span class="fr-inner" style="text-align:left">Motorists fill up at a gas station in Quezon City, May 28, 2018. Jonathan Cellona, ABS-CBN News/File</span></span></span></div><p>MANILA — A mixed movement in fuel prices is expected next week following <a href="https://www.abs-cbn.com/news/world/2026/6/2/israel-hezbollah-clash-ahead-of-us-hosted-talks-1441">renewed tensions in the Middle East</a>, a stakeholder said Friday.</p><p>Based on the <a href="https://www.abs-cbn.com/news/business/2026/6/1/oil-opens-up-as-us-toughens-terms-of-iran-war-agreement-0753">last 3 trading days</a> in the Mean of Platts Singapore (MOPS) from June 2 to June 4, the following price movements are expected next week. </p><ul><li>Diesel: P4 to P4.50 increase</li><li>Gasoline: P1 to P1.50 rollback</li></ul><div><br/></div><p>Petroleum products <a href="https://www.abs-cbn.com/news/business/2026/6/1/big-time-oil-price-rollback-set-on-june-2-tuesday-1355">rebounded last week</a> following reports of stalled peace negotiations. Also affecting prices are fears on inventories.</p><div><a href="https://www.abs-cbn.com/news/world/2026/5/31/iran-says-does-not-trust-us-as-trump-toughens-terms-2239">Iran says does not trust US as Trump toughens terms</a><br/><a href="https://www.abs-cbn.com/news/world/2026/5/30/trump-insists-on-red-lines-as-iran-deal-remains-elusive-0814">Trump insists on red lines as Iran deal remains elusive</a></div><p>There is one more trading day left on Friday, June 5, which could still affect the final fuel price adjustments next week. But the Department of Energy has also been dictating the final rollback and increases since the Philippines remain under the state of national energy emergency. </p><div><a href="https://www.abs-cbn.com/news/business/2026/6/2/gov-t-to-come-up-with-own-strategic-petroleum-reserve-garin-1329">Gov&#x27;t to come up with own strategic petroleum reserve: Garin</a><br/><a href="https://www.abs-cbn.com/news/business/2026/6/5/inflation-eases-to-6-8-percent-in-may-0907">Inflation eases to 6.8 percent in May</a><br/><a href="https://www.abs-cbn.com/news/business/2026/6/2/amro-cuts-ph-growth-forecast-to-4-1-pct-1550">AMRO cuts PH growth forecast to 4.1 pct </a></div><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/m8XNgkiaQyk?&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/XtPHf8Dq25s?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>A mixed movement in fuel prices is expected next week following renewed tensions in the Middle East, a stakeholder said Friday.</p>

A mixed movement in fuel prices is expected next week following renewed tensions in the Middle East, a stakeholder said Friday.

P4.50 hike in diesel possible in second week of June

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P4.50 hike in diesel possible in second week of June

ABS-CBN News

Published June 05, 2026 10:22 AM PHT

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Updated June 05, 2026 10:30 AM PHT

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