Major oil firms in the Philippines are continuing to implement a massive, staggered oil price hike this week, with some tranches taking effect through Thursday, March 19, 2026. This “jumbo” increase is driven by escalating geopolitical tensions in the Middle East.
Price Adjustments for the Week
The Department of Energy (DOE) and major oil companies (including Shell, Petron, Seaoil, and Total) agreed to spread these significant increases over several days to avoid a single “shock” to consumers.
- Diesel: Increasing by ₱20.40 to ₱23.90 per liter.
- Gasoline: Increasing by ₱12.90 to ₱16.60 per liter.
- Kerosene: Increasing by ₱6.90 to ₱8.90 per liter.
Current Impact & Response
- Pump Prices: Diesel prices have surged past ₱100 per liter at some stations.
- Fare Hikes: While a fare hike was initially discussed, the Department of Transportation (DOTr) recently suspended it to protect commuters.
- Transport Strikes: Groups like PISTON have launched protests and “tigil-pasada” (transport strikes) in areas like Pasig City today, March 19, to oppose the record-high fuel costs.
- Government Action: The DOE has triggered government subsidies to support vulnerable sectors and is monitoring gas stations to prevent hoarding and profiteering.
