Diesel climbs again this week as the situation in the Middle East remains tense. Strikes from both sides targeting tankers attempting to navigate the Strait of Hormuz continue to pose a security risk that contributes to the rising price of diesel.
For the period of October 27 to November 2, 2026, the price of diesel will go up by P1.20 per liter, while gasoline prices will decrease by P0.30 per liter. Finally, kerosene will also have a price increase of P0.50 per liter.
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The Department of Energy reports that the Philippines’ average fuel supply sits at around 53 days’ worth across all types; the country’s gasoline reserves are good for around 52 days, while diesel stocks are enough for almost 56 days.
The agency shares that it continues to work on maintaining a stable supply of fuel. Besides current suppliers, it mentions ongoing talks with possible alternative supplier countries, including Australia, Canada, and Russia.
