Several gasoline stations in Davao City, particularly in downtown areas, have been continuously increasing pump prices following the latest fuel hike on March 17, 2026. The Department of Energy-Mindanao Field Office (DOE-MFO) stated that current fuel prices will remain in effect until May 11, subject to possible updates from staggered adjustments by oil companies.
Price Variations Across Retail Stations
Data released by the DOE on May 5, 2026, showed varying pump prices due to differences in supply chains, location, and delivery costs. Premium Plus gasoline (RON 97/100) ranges from ₱93.20 to ₱98.80 per liter, while regular gasoline (RON 91) sells between ₱77.80 and ₱91.60 per liter.
Diesel, essential for transport and agriculture, ranges from ₱80.80 to ₱93 per liter, with Diesel Plus reaching ₱99.20 per liter. Kerosene remains the most expensive, ranging from ₱116.04 to ₱128.40 per liter.
LPG Prices Also Under Monitoring
Household liquefied petroleum gas (LPG), commonly used for cooking, is also being monitored. Prices for 11-kilogram LPG tanks range from ₱1,425 to ₱1,800, with an average of ₱1,575.63.
The DOE clarified that the figures come from random monitoring and serve only as indicative price ranges, not fixed rates. Prices may change within the week as oil firms implement staggered pricing to cushion the impact of global market volatility.
Global Factors Driving Price Hikes
Officials attribute the fluctuations to ongoing Middle East tensions, particularly involving Iran and major shipping routes like the Strait of Hormuz, which handles about 20% of global oil supply. The Philippines imports about 98% of its oil, making it vulnerable to supply disruptions.
In response, President Ferdinand Marcos Jr. declared a state of national energy emergency to stabilize fuel supply and prices. Government interventions include releasing strategic fuel reserves, negotiating with alternative oil suppliers, and considering fuel tax adjustments to ease consumer burdens.
Conservation and Buffer Stock Measures
Authorities promote energy conservation, including remote work and reduced fuel consumption in government offices. The DOE confirmed that additional diesel shipments have arrived to strengthen the country’s fuel buffer stock amid global uncertainty.
Despite these measures, officials warn that fuel prices may remain elevated and unpredictable in the coming weeks as geopolitical tensions persist. The DOE-MFO advises consumers to expect continued fluctuations as global developments evolve.
