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Manila Gas Prices Set to Surge Amid Middle East Tensions

2/27/2026

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Summary

Story summary

Motorists in Manila may face price increases in early March, with gasoline expected to rise up to P1.60 per liter.
Diesel prices could climb by 80 centavos to P1 per liter, marking eight consecutive weeks of diesel hikes and ten for gasoline.
Leo Bellas, president of Jetti Petroleum, cites ongoing Middle East conflicts and the risk of a war between the United States and Iran keeping crude prices high.

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Story summary

Motorists in Manila may face price increases in early March, with gasoline expected to rise up to P1.60 per liter.
Diesel prices could climb by 80 centavos to P1 per liter, marking eight consecutive weeks of diesel hikes and ten for gasoline.
Leo Bellas, president of Jetti Petroleum, cites ongoing Middle East conflicts and the risk of a war between the United States and Iran keeping crude prices high.