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2 clusters · 6 sources · 6 days · First seen · Last updated

Philippines fuel price fluctuations

Overview

Fuel prices in the Philippines have experienced volatility due to shifting global supply and regional market conditions. In late October, the Department of Energy reported a diesel price increase of PHP 1.20 per liter and a kerosene increase of PHP 0.50 per liter, while gasoline prices saw a slight decrease of PHP 0.30 per liter. During this period, the government explored overseas fuel reservation arrangements to mitigate supply risks caused by Middle East tensions.

By early November, the trend shifted. Gasoline prices were projected to rise significantly by P3.50 per liter due to tight regional supply and higher import costs. Conversely, diesel and kerosene prices were expected to decline, with diesel projected to drop by P1.00 per liter as supply improved through exports from China and Russia.

Entities

Philippines · Department of Energy · Jetti Petroleum Inc. · Philippine National Oil Company Exploration Corporation · Leo Bellas

Timeline

  1. [BUSINESS] 5 sources
    Philippines fuel prices: Gasoline expected to rise as diesel prices fall

    Gasoline prices in the Philippines are expected to rise by up to P3.50 per liter starting November 3, while diesel and kerosene prices are projected to decrease due to shifting regional supply dynamics.

  2. [BUSINESS] 3 sources
    Philippines fuel prices: Diesel up PHP 1.20, gasoline down PHP 0.30

    Philippine fuel prices will see a PHP 1.20 per liter increase in diesel and PHP 0.50 for kerosene, while gasoline drops by PHP 0.30 per liter starting October 27.

Sources

adomonline.com · astig.ph · ghanamma.com · otecfmghana.com · powerphilippines.com · sports.tribune.net.ph