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4 clusters · 6 sources · 28 days · First seen · Last updated

Philippine fuel price and transport fare developments

Overview

In late August 2026, domestic fuel prices in the Philippines were scheduled for a rollback effective September 1. This decrease followed two weeks of price hikes and was driven by international market developments, including reduced anxiety over US sanctions and potential mediation efforts regarding the Strait of Hormuz. Major oil firms announced reductions primarily for diesel and kerosene, with smaller adjustments for gasoline.

By late September, the Philippine government implemented tax relief for liquefied petroleum gas (LPG) and kerosene to mitigate the impact of rising global oil prices. President Ferdinand Marcos Jr. ordered the temporary suspension of excise taxes on these fuels through Executive Order No. 125. This measure followed Department of Energy certification that the average price of Dubai crude oil reached $99.41 per barrel between August 13 and September 11, 2026, surpassing the $80-per-barrel threshold required for relief under Republic Act 12316.

The suspension, implemented via Revenue Memorandum Circular No. 100-2026, covers LPG (excluding use as motive power or petrochemical raw material) and kerosene (excluding aviation fuel). Regular tax rates will automatically resume either three months after the order takes effect or one week after the average Dubai crude price falls below $80 per barrel.

On September 28, a new fuel price rollback was announced following three consecutive weeks of hikes. The Department of Energy expects diesel prices to drop by as much as ₱8.00 per liter, kerosene by up to ₱6.00 per liter, and gasoline by at least ₱0.24 per liter. However, this fuel relief coincides with an increase in public utility vehicle (PUV) fares. Effective September 28, minimum fares for traditional jeepneys will rise to ₱14, while modern jeepney base fares will increase to ₱17. Taxi flag-down rates are also set to rise to ₱65.

Entities

Department of Energy · Development Budget Coordination Committee · Shell · Bureau of Internal Revenue · Ferdinand Marcos Jr.

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    Philippines fuel prices to drop as PUV fares increase

    Filipino motorists face a mixed economic landscape as diesel and kerosene prices roll back significantly while public utility vehicle (PUV) fares increase.

  2. 3 days ago

    [BUSINESS] 3 sources
    Philippines suspends LPG and kerosene excise taxes

    President Ferdinand Marcos Jr. suspended excise taxes on LPG and kerosene via Executive Order 125 to mitigate the impact of high global oil prices on consumers.

  3. 10 days ago

    [BUSINESS] 2 sources
    Philippines suspends LPG and kerosene excise taxes

    The Philippine government has suspended excise taxes on LPG and kerosene to combat high oil prices, though gasoline and diesel taxes remain untouched to protect government revenue.

  4. about 1 month ago

    [BUSINESS] 2 sources
    Fuel prices in the Philippines set for rollback on September 1

    Philippine oil firms are implementing fuel price rollbacks starting September 1, with diesel and kerosene seeing cuts of up to P3.90 per liter, providing relief after two weeks of price increases.

Sources

astig.ph · edgedavao.net · marketmonitor.com.ph · negrosnowdaily.com · portcalls.com · wazzuppilipinas.com

This summary has been updated 2 times: see revision history