Continuing from last week, today’s Deparment of Energy (DOE) mandate for fuel price movements provide an allowed range of movements instead of a fixed price adjustment. These prices should reflect Tuesday, June 16th, at 6am.
For the week of June 16 to June 22, gasoline is hiking again by P1.68 per liter, while diesel gets a rollback of P3.71 per liter. Kerosene also gets a minor rollback of P0.50 per liter.
Even with a provided range of movements, oil players appear to be consistently adjusting prices toward the maximum increase or the minimal decrease. This is the case with SeaOil and Shell this week, the only companies that have announced price movements as of this writing.
OTHER STORIES YOU MIGHT HAVE MISSED:
The LTO has revoked 434 driver’s licenses since October 2025
Hyundai PH now offers ‘calamity assistance’ to affected owners in southern Mindanao
At its press briefing, the DOE also provided an update on the country’s fuel supply. Across all fuel types, the Philippines currently has 46 days’ worth of supply. Gasoline and diesel are slightly under this average, each sitting at over 44 and 43 days respectively
With an agreement to end the war in the Middle East and reopen the Strait of Hormuz imminent, oil prices in the trading market have begun to fall. However, the DOE have tempered optimism on a return to pre-war fuel prices ranging from P50 to P60.
While the coming weeks may see further price drops for fuel, it will still take time to restart the supply of fuel that was dirsupted by the war—a six to twelve month period, according to secretary Sharon Garin and undersecretary Alessandro Sales.
