Big-time pump price hikes set Tuesday, July 21, 2026

Pump prices of petroleum products will be hiked anew this week, as retailers on Monday announced another round of increases following the reescalation of tensions between the United States and Iran in the Middle East.

According to the Department of Energy (DOE), the maximum permitted price adjustments for the week starting Tuesday, July 21, are as follows:

• Gasoline: Up to P3.65 per liter
• Diesel: Up to P10.68 per liter
• Kerosene: Up to P11.77 per liter

The actual adjustments will take effect on Tuesday, July 21, and will be largely dependent on retailers.

Pilipinas Shell Petroleum Corp. and Seaoil Philippines Corp. will implement the adjustments on a staggered basis:

July 21, 2026

• Gasoline: + P3.60
• Diesel: + P8.20
• Kerosene: + P8.10

July 22, 2026

• Gasoline: None
• Diesel: + P1.20
• Kerosene: + P2.30

July 23, 2026

• Gasoline: None
• Diesel: + P1.20
• Kerosene + P1.20

Oil industry sources earlier projected hikes for this week, citing the renewed tensions in the Middle East, which brought world oil prices even higher.

Firms last week hiked prices per liter of gasoline by P1.00 per liter, diesel by P4.60 to P4.62 per liter, and kerosene by P4.20 per liter.

This brought year-to-date adjustments to a net increase of P46.27 per liter for gasoline, P39.75 per liter for diesel, and P36.62 per liter for kerosene as of July 14, 2026. —AOL/RSJ, GMA News