A big-time fuel price hike looms.

According to the projection of the Department of Energy (DOE), the hike in oil prices could possibly reach about P5 per liter for diesel, and P3 per liter for gasoline.

Despite being heavy on the pocket, a motorist identified as Christopher Montenegro said he is trying to make sense of the situation.

“Apektado rin tayo kasi alam mo, bahagi ito ng global problem. Hindi natin maiiwasan yan,” Montenegro said.  

The possible oil price hike is set on June 24, 2025.

Diesel is expected to increase from P4.30 to P4.80 per liter, P2.50 to P3 per liter for gasoline, and P4.25 to P4.40 per liter for kerosene, the DOE said.

The cause of the big-time fuel price hike is traced to the Israel-Iran conflict.

According to the experts, with the way the skirmishes are going, there is no indication yet that the tension could end shortly.

“Looking at the Middle East, it usually could go, first, unfortunately, to escalation. Unless they find a diplomatic solution,” said John Paul Mondejar, director of Internationalization Office, USA.

The increase in fuel prices both affects motorists and almost all products in the market.

When the price of oil is high, the cost of production is directly proportional.

“As an implication to our country, to our kababayan, ang inflation mag-a-adjust. So ang cost of living tataas. So, kapag nangyari yan, syempre those, especially in the grassroots will really have a hard time,” Mondejar added.

It is not just the Philippines being affected directly by the fuel price hike but the rest of the world, Mondejar emphasized.

According to Mondejar, members of the Association of Southeast Asian Nations, or the ASEAN, must unite to look for alternative suppliers of fuel.

(via GMA Regional TV One Western Visayas Desk)