- A lot of Filipinos thought the Strait of Hormuz agreement would bring fuel prices down. It will not, and here is why.
- The deal means our oil supply is more secure. But we still pay based on global market prices. And those prices are still going up.
- 🌍 Global crude price goes up
A lot of Filipinos thought the Strait of Hormuz agreement would bring fuel prices down. It will not, and here is why.
The deal means our oil supply is more secure. But we still pay based on global market prices. And those prices are still going up.
Think of it this way:
🌍 Global crude price goes up
↓
🏭 Singapore refinery sets the benchmark
↓
⛽ Filipino drivers pay more at the pump
Securing a shipping route does not change what the world charges for oil.
And the numbers are not encouraging. Diesel could go up by as much as ₱17 to ₱19 per liter as early as this week, based on industry projections.
You cannot control global oil prices. But you can control how you pay.
Two practical things you can do right now:
⛽ Use a fuel cashback card. Here are four worth looking at right now:
1. EastWest Visa Platinum — 8.88% cashback on fuel, dining, utilities, and more. Highest cashback rate for daily essentials. Cap: ₱1,250/month.
2. UnionBank Shell Visa Platinum — Up to 5% rebate on Shell fuel, tollway load, and auto repair. Best for Shell users and frequent drivers.
3. Petron BPI Card — 3% rebate at any Petron station nationwide + free ₱200 fuel voucher on sign-up. Cap: ₱15,000/year.
4. Metrobank Toyota Card — 3% fuel rebate at Petron + 10% discount on parts and labor at Toyota dealerships. Best for Toyota owners.
💰 Set a strict monthly fuel budget using your digital bank's savings or stash feature — before the price hike hits your wallet harder.
Download the KKB App to compare the best fuel rebate cards today >> https://www.kaskasanbuddies.com.ph/download?source=web
Note: Diesel hike based on industry projections.