After a respite, higher oil prices will be back at the pumps by Tuesday, April 11, with gasoline prices rising by P2.40 to P2.80 per liter, and diesel by P1.50 to P1.90 per liter, based on the calculation of the oil companies. For the price of kerosene, another commodity used by households and key industries, this will increase by P1.75 to P2.05 per liter. With that, Filipinos who have trooped to the provinces for the long Holy Week observance are advised to fill up their vehicles prior to their their return to work on Tuesday. Oil firms will be enforcing the upward adjustments based on the Mean of Platts Singapore (MOPS), which sets the index of fuel commodities traded in the regional market. Prior to the forthcoming round of price hikes, consumers were able to enjoy two successive round of price rollbacks in the weeks of March 21 and 28, while it was a mixed adjustment at the pumps that was implemented on March 14. A monitoring report of the Department of Energy (DOE) has shown that since that start of the year, the price of gasoline incurred a net increase of P6.05 per liter, while diesel had aggregate reduction of P3.65 per liter; and P5.35 per liter for kerosene According to industry players, the fresh round of uptrend in world oil prices has been primarily triggered by the April 3 announcement of the Organization of the Petroleum Exporting Countries and ally-producers (OPEC+) to trim production by 1.16 million barrels per day. That single market event immediately pushed global prices up by over $5.00 per barrel on the day of the announcement, with the futures contract for international benchmark Brent crude inching up to $85 per barrel from $79 to $80 per barrel in the prior week. Nevertheless, market watchers noted that expectations of more substantial upticks in prices have been partly muted due to renewed fears of economic recession that could impair demand escalation. It was similarly emphasized that the decision of the Iraqi federal government and the Kurdistan regional authorities to resume oil exports through Turkey was able to bring back additional 450,000 barrels of supply into markets, hence, that took the edge off on what was otherwise anticipated as ferocious rise in prices. Relative to the output cut of OPEC+ that will be imposed starting next month, the energy department has been prodded to ensure that the domestic market will be well supplied with oil.