gasoline fuel prices

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Fuel prices in the Philippines are expected to rise sharply by around 7 pesos per liter by July 28, prompting concerns among motorists during the SONA week.

Fuel prices in the Philippines are set to increase by approximately 6.80 pesos per liter for gasoline and 7.32 pesos per liter for diesel effective July 28, coinciding with the State of the Nation Address (SONA) week. This anticipated surge has caused motorists to brace for higher costs amid ongoing economic challenges. Official reports include statements from President Marcos about the nation’s sufficient fuel reserves but do not indicate mitigation measures.