Fuel prices surge past P100 per liter in Metro Manila

MANILA – Motorists in Metro Manila faced steeper fuel costs on Tuesday as pump prices for both gasoline and diesel surged past the P100-per-liter threshold. The latest price adjustments represent increases of as much as P5 per liter, with gasoline climbing to P102 per liter and above at major fuel stations across the metropolitan area.

The sharp increases come amid escalating tensions in the Middle East, where ongoing conflicts have kept upward pressure on global oil markets. International crude prices have remained volatile as investors assess the geopolitical situation and its potential impact on energy supplies.

The breach of the P100 mark underscores persistent challenges facing Filipino consumers already grappling with higher transportation and logistics costs. Fuel price movements have downstream effects across the economy, influencing prices for goods and services nationwide.

Analysts expect continued volatility in pump prices as global oil markets remain sensitive to developments in the Middle East and broader shifts in energy demand. Consumers and businesses remain closely monitoring the situation for signs of price stabilization in coming weeks.