Philippines fuel prices: Gasoline expected to rise as diesel prices fall

Motorists in the Philippines face a significant increase in gasoline prices starting November 3. According to the Department of Energy, gasoline prices across all grades are set to rise by P3.50 per liter due to tight regional supply and higher crude oil import costs.

In contrast, diesel and kerosene prices are expected to decrease. Diesel prices are projected to drop by P1.00 per liter, while kerosene is expected to decline by P1.90 per liter. Industry experts, including Jetti Petroleum Inc. president Leo Bellas, noted that diesel supply has improved due to stock releases and exports from China and Russia.

Volatility in international oil prices remains a concern, with geopolitical tensions potentially driving further fluctuations. The projected retail price for RON 91 gasoline in Metro Manila will range from P78.60 to P95.80 per liter, while premium RON 97 could reach up to P104.30 per liter.