DOE: No March-like fuel price spikes, but no pre-war levels either

The Department of Energy (DOE) has stated that it does not anticipate fuel price spikes similar to past events at this time. However, it also forecasts that fuel prices will not return to pre-war levels even by the end of the year. A spokesperson for the DOE pointed to geopolitical tensions in the Middle East as one of the factors hindering the stabilization of crude oil prices. While a rapid surge like the one seen in March 2026, triggered by the conflict between the US and Iran, is not expected, the global supply-demand balance and geopolitical risks continue to influence prices. This situation could pose a continued economic burden on Filipino consumers and industries. Fuel prices directly impact transportation and logistics costs, potentially affecting the prices of food and other essential goods. The Philippine economy is heavily reliant on imports, particularly in the energy sector, making it vulnerable to international market trends. The DOE has indicated its commitment to stabilizing domestic fuel supply to minimize the impact on the public, while also advancing long-term initiatives such as developing alternative energy sources and promoting energy conservation. However, with no expectation of a short-term price drop, households and businesses will likely need to maintain prudent financial management. Source: Inquirer NewsInfo