PH fuel prices to shift in mixed move Nov. 3

Fuel prices in the Philippines will undergo mixed adjustments starting Tuesday, November 3, 2026, with gasoline pump prices rising and diesel and kerosene prices decreasing. Retailers are allowed to increase gasoline prices by P3.50 per liter while rolling back diesel prices by P1.00 per liter and kerosene prices by P1.90 per liter. The changes apply across gasoline grades and are based on approved adjustments from the Department of Energy.

The latest movements follow an earlier week when gasoline prices were rolled back by P0.30 per liter, while diesel and kerosene prices increased. With the new adjustments, motorists will see a reversal in that pattern, as gasoline becomes more expensive and diesel and kerosene turn cheaper.

The projected price of RON 91 gasoline after the November 3 adjustment will range from P78.60 to P95.80 per liter. RON 95 gasoline is projected to sell from P79.00 to P101.70 per liter, while premium RON 97 gasoline prices could reach as high as P104.30 per liter, within a range of P83.89 to P104.30.

Diesel prices after the rollback are projected to range from P88.90 to P98.30 per liter, and diesel plus from P93.50 to P101.00 per liter. Kerosene is expected to range between P114.10 and P143.94 per liter. These projections illustrate how the P3.50 increase for gasoline and the rollbacks for diesel and kerosene translate into actual retail price bands for consumers.

The contrasting direction of gasoline and diesel prices reflects differing supply dynamics in the regional market. Tight balances in the Asian gasoline market and higher imported crude oil costs have increased gasoline prices. In contrast, diesel prices have softened amid an improving supply outlook supported by stock releases, Chinese exports, and Russian diesel exports.

The Department of Energy notes that the latest domestic fuel price adjustments are tied to global oil market movements and ongoing developments in the Middle East that affect international supply and prices. These external factors contribute to continued volatility in oil markets and are being transmitted to local pump prices.

As of October 30, 2026, the country’s total expected available fuel supply stood at 52.95 days. Gasoline inventories can cover 52.29 days of consumption, while diesel stocks are sufficient for 56.68 days.

Liquefied petroleum gas has the shortest coverage at 35.12 days, while jet fuel inventories can last 58.86 days. Fuel oil stocks have coverage of 63.30 days, and kerosene has the longest coverage at 148.55 days. These inventory levels provide a buffer against potential supply disruptions even as domestic prices remain influenced by international market conditions.

As of October 27, 2026, cumulative year-to-date adjustments amount to a net increase of P68.55 per liter for gasoline, P65.63 per liter for diesel, and P63.25 per liter for kerosene. The upcoming November 3 changes add to this overall upward trend over the year, though they also reflect recent weeks of alternating increases and rollbacks for different fuel types.