The Department of Energy (DOE) has assured the public of continued coordination with stakeholders amid the sustained rise in fuel prices.
Oil firms have announced another price hike on Tuesday between P0.70 to P1.40 per liter, the fourth consecutive week of across-the-board increase.
DOE, in a statement, said the anticipated increase is up to P1.50 per liter this week.
It traced this development to “recent developments in the international oil market, which have led to elevated benchmark prices — Dubai and Mean of Platts Singapore (MOPS).”
“Global market dynamics continue to exert upward pressure on petroleum prices. The limited production increase announced by OPEC+ on 7 September 2025 — just 137,000 barrels per day beginning October, significantly lower than previous monthly hikes of over 400,000 bpd — has constrained supply and tightened markets,” it said.
These factors, it said, “are compounded by the renewed escalation of the Russia–Ukraine conflict, which has disrupted Russian refining infrastructure (affecting roughly 17 percent of its processing capacity) and damaged the vital Druzhba pipeline, further unsettling European energy flows.”
The statement cited as an additional volatility factor the reinstated sanctions by the US on “13 entities and eight vessels involved in illegal Iranian oil shipments, targeting approximately 1 million barrels per day of exports.”
Amid these developments, the DOE “assures the public that it continues to closely monitor global oil price movements and engage with industry stakeholders to mitigate impacts on consumers.”
“The Department also renews its call for motorists and the public to practice fuel-saving habits, such as proper vehicle maintenance, avoiding unnecessary idling, and plan trips efficiently, which can significantly reduce fuel consumption and costs,” it added.
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