Manila residents queue at stations as officials warn against hoarding ahead of a fuel price hike driven by Middle East war fears.
MANILA: Queues formed at petrol stations across the Philippine capital as residents rushed to fill tanks ahead of a significant fuel price increase.
Energy Secretary Sharon Garin told a congressional committee that prices would rise between 17 and 24 pesos per litre this week.
The increase will be staggered over several days by different oil companies. Garin clarified that fuel prices are not regulated by the government.
At a station in Metro Manila, attendant Enrico Guda said daily vehicle numbers had doubled to about 1,000. He reported queues persisting for 24 hours.
University student Francis Aranda said the spike “hurts”. He plans to use only half his weekly fuel allowance to prepare for further potential increases.
Police have been instructed to inspect stations for evidence of profiteering or hoarding, according to spokesman Brigadier General Randulf Tuano.
Ferry operators are also hiking fares. Starlite Ferries announced a 25% increase effective Tuesday for passengers and cargo.
Montenegro Shipping Lines said its prices would rise 10-20% from March 23.
President Ferdinand Marcos last week announced a four-day work week for non-essential government employees. He also ordered agencies to cut fuel and power consumption by 10-20%.
Marcos called on Congress to authorise a reduction in excise taxes if crude oil prices breach $80 per barrel. US oil benchmarks currently sit above $110 per barrel.
