Motorists stand to endure another round of fuel price hikes next week—the second consecutive week of increases—due to stronger global oil prices and a more favorable demand outlook.

In separate advisories on Monday, fuel retailers confirmed that gas will increase by P0.40 per liter, diesel by P1.10 per liter, and kerosene by P0.70 per liter starting tomorrow. 

The Department of Energy (DOE) said two factors contributed to the estimated adjustments, namely: OPEC holds steady on oil demand growth forecasts; and speculation that President Donald Trump’s tariff policies will slow global economic growth and energy demand.

According to Jetti Petroleum, Inc. President Leo Bellas, oil prices surged last week on fears of supply disruption due to possible US sanctions on Russian oil. However, concerns eased after Washington took a softer stance.

Last week, fuel retailers raised pump prices by P0.70 per liter for gasoline, P1.40 per liter for diesel, and P0.80 per liter for kerosene.