A Gas station in Davao City displays current pump prices as of March 5, 2026, amid warnings of a significant price increase next week. Energy officials and local retailers are monitoring the market closely as geopolitical instability in the Middle East continues to drive up global oil costs. (Photo by Keith Bacongco I MB)

Local energy market is bracing for a record-breaking surge in pump prices next week as escalating Middle East tensions drive global benchmarks to historic highs, prompting calls for emergency inter

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