OIL PRICE WATCH as of April 22, 2026
Motorists and public transport operators in the Philippines are facing increased financial pressure following another round of fuel price hikes. Transport groups are calling for fare increases to offset the rising costs of diesel.
Why it matters
Rising fuel costs are creating economic instability for the transport sector and increasing the cost of living for the general public.
MANILA, Philippines - A day after oil companies implemented another hefty increase in pump prices, motorists and public utility vehicle (PUV) drivers are bracing for its impact as transport groups renewed calls for an immediate fare hike, saying the latest round of fuel price increases has become unsustainable.
The latest adjustment, driven by renewed tensions in the Middle East, pushed diesel prices up by another double-digit amount, further eroding the earnings of jeepney and bus operators already burdened by successive fuel price hikes.
READ: OIL PRICE WATCH as of July 21, 2026
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