The Department of Energy (DOE) announced on Monday that fuel prices will see significant increases this week, with kerosene potentially rising by as much as PHP8.10 per liter. Gasoline prices may experience a slight decrease of PHP1.70 per liter or a modest increase of up to PHP0.30 per liter. Diesel prices are set to increase between PHP3.77 and PHP5.77 per liter, while kerosene will rise between PHP6.10 and PHP8.10 per liter.
Oil Companies Announce Adjustments
Seaoil issued an advisory stating it will raise gasoline prices by PHP0.30 per liter, diesel by PHP5.77 per liter, and kerosene by PHP8.10 per liter, effective 6 a.m. Tuesday. Petron also announced increases: gasoline by PHP0.30 per liter, diesel by PHP4.85 per liter, and kerosene by PHP4.75 per liter.
Domestic Supply Remains Stable
According to DOE data as of June 5, 2026, the country's gasoline supply is adequate for 44.81 days, diesel for 45.21 days, and kerosene for 143.09 days. Additionally, jet fuel supply is enough for around 73.25 days, fuel oil for 41.01 days, and liquefied petroleum gas for 45.04 days.
Energy officials have repeatedly assured the public that domestic supply remains adequate due to combined government and private reserves. Measures are being undertaken to maintain stability in the fuel market.
