"This is due to an almost USD4-per-barrel increase in the international prices of gasoline, diesel, and kerosene," Abad explained in Filipino. From USD83 per barrel on Monday, the price of crude oil climbed to USD86.60 by Thursday, reflecting a tightening global supply amid heightened conflict in the Middle East. Although the Philippines does not directly import oil from Iran—a country currently embroiled in a conflict with Israel—Abad noted that local suppliers might be sourcing from markets impacted by the unrest. "Even if we don't directly import from Iran, it's possible that some of our suppliers are indirectly affected," he said. No Immediate Supply Disruption Reported Despite the price pressures, Abad assured the public that the country's oil supply remains stable. "Last week, we spoke with companies like Petron and Unioil, and there have been no reports of supply disruption," he said. "We also coordinated today with the LPG sector, and again, no signs of supply issues have emerged."