Fuel prices in the Philippines are set to rise sharply starting Tuesday, July 28, as local distributors adjust retail rates in line with elevated international crude benchmarks.
Major retailers including Unioil, Petro Gazz, and Shell Pilipinas have issued separate advisories confirming the price hikes, which will add up to P7 per liter for motorists.
The increase reflects the persistent pressure on global energy markets as the Middle East conflict approaches its fifth month.
Supply disruptions and geopolitical risk premiums continue to weigh on crude valuations, forcing downstream operators in import-dependent markets like the Philippines to pass costs directly to consumers.
Diesel prices are expected to see notable adjustments alongside gasoline and kerosene.
This marks another round of cost-of-living pressure for Philippine households, following previous sharp increases in late July.