Food and service prices across the Philippines have begun to rise as businesses brace for major fuel hikes triggered by the ongoing Middle East crisis.

MANILA, March 10, 2026 — Restaurants, transport operators, and retail establishments reported adjustments in menu prices and service fees this week, citing the anticipated surge in fuel costs as oil markets remain volatile.

Industry groups said the closure of the Strait of Hormuz has disrupted global supply chains, pushing oil prices to their highest levels in years. Local fuel companies have warned that pump prices could increase significantly in the coming days, prompting businesses to act preemptively.

Consumers have already noticed higher prices in food outlets and delivery services, with operators explaining that fuel surcharges are being factored into costs. Transport groups also signaled possible fare adjustments if oil prices continue to climb.

Economic analysts noted that inflationary pressures are expected to intensify, with fuel hikes cascading into higher costs for goods and services. They warned that households may feel the impact most acutely in food and transportation expenses.

Government officials said they are monitoring the situation and considering measures to cushion the blow, including possible subsidies and stricter enforcement of price controls.