OIL PRICE WATCH as of May 3, 2026

MANILA, Philippines — Another round of fuel price hikes may hit consumers this week with the Department of Energy (DOE) signaling a possible increase in pump prices. Industry estimates suggest diesel prices could rise by around P0.20 to P0.40 per liter, while gasoline may also post an increase, reversing recent weeks of price cuts. Motorists are advised to monitor official announcements as final price movements may still change depending on global trading in the coming days. Shown below are the prevailing fuel pump prices monitored and gathered by the INQUIRER team on Sunday, May 3, 2026.... Keep on reading: OIL PRICE WATCH as of May 3, 2026

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