Philippine fuel pump prices shift on Oct. 27

Fuel pump prices in the Philippines will move in different directions starting Tuesday, October 27, 2026, as new adjustments take effect across gasoline, diesel, and kerosene products. The Department of Energy has approved changes that will apply from October 27 to November 2, affecting motorists and businesses nationwide.

Gasoline prices are scheduled for a rollback of P0.30 per liter, offering some relief after earlier increases this year. In contrast, diesel prices will rise by P1.20 per liter, marking another week of higher costs for diesel users. Kerosene prices will decline by P0.50 per liter over the same period.

The upcoming increase in diesel prices represents the second consecutive weekly rise. In the prior week, diesel prices already climbed by P2.60 per liter, while gasoline prices dropped by P4.30 per liter and kerosene by P1.00 per liter. The latest move extends the pattern of diesel becoming more expensive even as gasoline and kerosene see net reductions over recent weeks.

Local pump prices remain substantially higher than before conflict-related disruptions to global oil supply earlier in the year. In the last full week before fighting involving Iran and US-Israeli forces intensified on February 28, common Metro Manila pump prices were around P56 per liter for RON95 gasoline, P54.70 for RON91, P55 for diesel, and P83.47 for kerosene.

The continued increases in diesel prices have been associated with tight international fuel supplies. These conditions have been worsened by renewed attacks on energy infrastructure and commercial vessels in the Middle East, as well as heightened tensions around key shipping routes such as the Strait of Hormuz. These developments have put sustained upward pressure on global fuel benchmarks that influence Philippine import costs.

The Philippines imports much of its petroleum needs as finished products, which makes domestic pump prices sensitive to regional market movements, freight rates, and exchange rate shifts. To mitigate some of the impact on consumers, excise taxes on liquefied petroleum gas and kerosene remain suspended under Executive Order No. 125, issued in September. This tax relief does not extend to gasoline or diesel, which continue to reflect both market-driven adjustments and existing tax structures.