Bohol drivers and motorists should brace for another steep increase in fuel prices next week amid the ongoing Middle East crisis, the Department of Energy (DOE) said.
Diesel prices could rise by as much as P11 per liter, while gasoline may increase by P4.50 to P5 per liter, the DOE said.
The agency attributed the expected price hike to continuing tensions in the Middle East, which have affected crude oil prices in the global market.
Energy Secretary Sharon Garin said there is no indication that the regional conflict will end soon.
The DOE said the price of Dubai crude oil exceeded $100 per barrel from Aug. 13 to Sept. 11, 2026.
Under the law, the average price of Dubai crude oil must reach $80 per barrel for the suspension of the excise tax to take effect.
The agency also expects another significant increase in fuel prices next week if the Middle East crisis continues.
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