Philstar Biz reported that diesel and kerosene prices will increase by over P10 per liter effective July 21, 2026. The announcement signals a massive oil price hike that is expected to burden consumers and businesses alike.
The price jump will directly impact transportation costs, as diesel is widely used by public utility vehicles and logistics fleets. Kerosene, commonly used for cooking and lighting in rural areas, will also see a significant increase, adding to household expenses.
This development follows a series of price adjustments in the local fuel market. Analysts attribute the surge to global oil price volatility and supply constraints. Consumers are advised to plan ahead as the higher prices take effect.