MANILA, Philippines — The Department of Energy (DOE) has warned gasoline stations across the country against implementing advance or unauthorized fuel price increases, as authorities intensify monitoring of the local fuel market.
The warning came after reports that some fuel retailers may have increased pump prices ahead of the scheduled weekly fuel price adjustments. Officials stressed that gas stations must strictly follow the proper pricing schedule and are not allowed to impose premature price hikes.
Energy officials said the government is closely coordinating with enforcement agencies to ensure compliance among fuel retailers nationwide. Monitoring efforts involve cooperation with the Department of the Interior and Local Government (DILG) and the Philippine National Police (PNP) to conduct inspections and verify that stations are following regulations.
Authorities also reminded fuel companies that practices such as hoarding, profiteering, or manipulating fuel supply are prohibited under existing petroleum industry regulations. Violations could lead to administrative sanctions, fines, suspension of operations, or even criminal charges.
The advisory comes amid rising global oil prices driven by geopolitical tensions, which have raised concerns about possible increases in domestic fuel prices.
Despite these developments, the Department of Energy assured the public that the country currently has sufficient fuel supply, and there is no reason for panic buying.
Officials also encouraged consumers to report suspicious activities at gasoline stations, including sudden price increases or refusal to sell fuel, so authorities can investigate possible violations.
The government said it will continue to maintain strict oversight of the fuel industry to ensure fair pricing and protect consumers from illegal practices while global oil markets remain volatile.