Premium gas, diesel to hit P100 a liter this week

The Future of Premium Gas Diesel Prices Soar to P100 per Liter this Week

As global oil supplies continue to be disrupted by the ongoing war in the Middle East, fuel prices are expected to reach unprecedented highs. This week, major oil companies will implement another round of significant price hikes, pushing gasoline costs over P100 per liter at some stations.

According to the Department of Energy (DOE), gasoline prices will increase by P12.90-P16.60 per liter, while diesel prices will jump by P20.40-P23.90 per liter. Shell, Seaoil, Petron, Flying V, Jetti Petroleum, and Total have all announced their own price hikes, with staggered increases over the next three days starting March 17.

Premium gas, which was previously priced at P67.99 to P84.50 per liter, is expected to reach P101.10 per liter this week, while unleaded gas will increase by around P7-P13 per liter. Diesel prices, currently ranging from P56.74 to P84.54 per liter, are forecasted to hit P108.44 per liter.

This marks the ninth consecutive week of fuel price rises, and commuters and transport operators alike are bracing for further increases in the coming days as global oil prices continue to fluctuate.

Impact on Public Transport

To mitigate the effects of these price hikes, the Land Transportation Franchising and Regulatory Board (LTFRB) has announced new fare structures for jeepneys and city buses. The proposed increases will be guided by a 19-percent ceiling, taking into account the recent minimum wage hike and the need to help public transport drivers cope with rising fuel expenses.

Meanwhile, provincial bus fares have already increased following an earlier LTFRB order, which aims to help operators manage mounting fuel expenses amid global price volatility.

Multi-Agency Assistance

To support public transport drivers and operators, a multi-agency approach has been launched. The Department of Social Welfare and Development (DSWD) will begin rolling out its Assistance to Individuals in Crisis Situation (AIS) program today, March 17, prioritizing Metro Manila tricycle and jeepney drivers.

The AIS program aims to provide immediate cash relief to struggling transport workers, with a total allocation of P60 billion for 2025. Separately, the Department of Transportation has allocated P2.5 billion for a P5,000 fuel subsidy that will be given directly to drivers and operators regulated by the LTFRB.

Looking Ahead

As the global oil market continues to fluctuate, it is crucial for policymakers and transport stakeholders to work together to mitigate the effects of these price hikes on commuters and public transport operators. With the ongoing war in the Middle East showing no signs of abating, it remains to be seen how fuel prices will continue to evolve in the coming weeks and months.

Speculating Beyond 2026

As we navigate this unprecedented crisis, it is essential to consider the long-term implications on our energy landscape. What does the future hold for premium gas and diesel? How will global supply disruptions shape our transportation systems?

In this blog post, we will explore these questions and more, examining the impact of current events on our fuel prices and public transport networks. Join us as we delve into the world of fuel pricing, exploring what lies ahead for commuters, transport operators, and policymakers alike.

Keywords Premium gas, Diesel, Fuel price hike, Public transport, LTFRB, DSWD, Department of Transportation, Middle East war, Global oil market

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.