The Philippines will implement significant fuel price increases starting September 8, with gasoline rising by ₱4.69 per liter, diesel by ₱5.18, and kerosene by ₱5.58, reversing a brief rollback from the previous week. Energy Secretary Sharon Garin attributed the hike to renewed geopolitical tensions in the Middle East — particularly disruptions along the Strait of Hormuz (a critical oil shipping corridor between Iran and Oman), where tanker traffic has fallen to its lowest level since May following US-Iran strikes — as well as a weakening Philippine peso, which raises the cost of fuel imports priced in US dollars. The Philippines, which relies almost entirely on imported petroleum, has seen pump prices remain well above pre-conflict levels since fighting involving Iran and US-Israeli forces began in late February.