[CLSTR]
< Back to situation

[REVISION HISTORY]

Philippine fuel price and transport fare developments

Updated 2 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-28 05:34 UTC → 2026-09-28 14:44 UTC · added removed

Philippine fuel price and tax relief transport fare developments

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 Development Budget Coordination Committee and the Department of Energy will conduct monthly reviews and report findings expects diesel prices to Congress. While LPG and drop by as much as ₱8.00 per liter, kerosene received tax suspensions, the Department of Finance declined to extend similar relief by up to gasoline and diesel, stating that suspending taxes on transport fuels would be “not progressive” ₱6.00 per liter, and would cost the government gasoline by at least ₱0.24 per liter. However, this fuel relief coincides with an estimated ₱12 billion increase in monthly revenue. 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.

Versions

  1. 2026-09-28 14:44 UTC Philippine fuel price and transport fare developments
  2. 2026-09-28 05:34 UTC Philippine fuel price and tax relief developments
  3. 2026-09-22 18:12 UTC Philippine fuel price and tax relief developments

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.