OIL PRICE WATCH as of July 21, 2026
The Philippines is bracing for significant fuel price hikes on July 21, 2026, driven by escalating tensions in the Middle East. The government is monitoring oil companies to ensure price adjustments remain consistent with global market movements.
Why it matters
Rising fuel costs directly impact inflation and the cost of living for consumers, particularly in developing economies reliant on imported oil.
MANILA, Philippines - Motorists need to brace themselves for another round of hefty oil price increases on Tuesday, July 21, with diesel prices increasing by P10.68 per liter, and kerosene by P11.77 per liter, and gasoline by P3.65 per liter as renewed tensions in the Middle East continue to drive up global oil prices.
Energy Secretary Sharon Garin said the government is closely monitoring oil companies to prevent hoarding and overpricing, while ensuring that pump price adjustments reflect actual movements in the global market.
READ: New double digit hikes for diesel, kerosene set on July 21
Below are the prices monitored and gathered by Inquirer team as of July 21, 2026. /dp
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