Diesel, gas poised for new price jumps on May 26
July 10, 2022
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business / Fuel
Diesel, gas poised for new price jumps on May 26
By: Lisbet K. Esmael - Reporter / @lisbetesmael
Philippine Daily Inquirer / 10:58 AM May 22, 2026
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MANILA, Philippines —Motorists may have to cough up more money when refueling as new price hikes are seen next week on May 26.
Estimates from an industry source showed a P1 to P1.30 per liter increase for diesel.
Gasoline may also have an upward adjustment of P1.20 to P1.50 per liter.
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“Diesel is supported by higher crude prices and unresolved supply disruptions, with feedstock procurement continuing to remain a challenge for Asian refiners,” the source said.
“Gasoline prices are also higher as global markets continue to remain tight, with supplies from Asia possibly moving to other regions amid reduced production in Europe, and demand from the US accelerates with the onset of the peak summer season,” he added.
Video 3 READ: DTI: Prices of some basic goods may rise
The projections are based on the first four trading days in the Mean of Platts Singapore and foreign exchange movements.
Oil companies will announce their official price adjustments on Monday. /atm
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TAGS: Fuel Prices, oil crisis
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