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Motorists queue at a gasoline station in Delpan Tondo, Manila, a day before a scheduled fuel price hike, on March 2, 2026. Escalating tensions between Iran and the US/Israel have pushed global oil prices higher and increased costs at the domestic pump.
Rappler
'Geopolitical developments remain a key swing factor, with the market hopeful that high-level discussions between major powers could help ease Iran-related tensions and provide clearer signals on energy flows,' says the energy department
MANILA, Philippines – Local pump prices increased by at least P1 per liter on Tuesday, May 26, as ongoing fuel supply disruptions due to the Middle East situation continue to push prices higher.
