A massive fuel price increase this coming week is expected here in the Philippines because of current events unfolding in the Middle East. The 2026 Iran Conflict basically assured massive increases in oil prices because if I'm not mistaken the Strait of Hormuz was "shut down" which will prevent the shipping of oil.
We're already anticipating PhP10 to PhP20 increase in gasoline, diesel, and kerosene prices. It won't surprise me if the costs of other goods increase as well due to the increase costs of fuel.
This is worrisome to me since I'm already in a tight budget, but I need to constantly remind myself to calm down since these are things out of my control. The best I can do is wait how things unfold and adapt as best as I can.
I also need to remind myself to be thankful that our Wigo is very fuel efficient, and that it will help me weather the storm of surging fuel prices.
The best thing to do now is to keep a level head and be prepared for anything.
Out.