Philippines Fuel Prices Rise Again; Diesel Slightly Drops

The Department of Energy announced that gasoline and kerosene prices will increase for the week of Oct. 6‑12, while diesel will see a modest rollback. Gasoline will rise by P1. 93 per liter, kerosene by P3. 30, and diesel will fall by P1. 30. The move follows a volatile market after last week’s rollback, which had lowered all three fuels after three consecutive weeks of steep rises. DOE cited regional supply constraints, refinery conditions, and sustained demand in key consuming countries—particularly China’s expected decline in gasoline exports during its Golden Week holiday and South Korea’s short‑term output cut—as key drivers. Diesel’s rollback reflects a carry‑over from last week’s drop in international diesel prices, but rising shipping costs and potential disruptions around the Strait of Hormuz and Bab al‑Mandab are already putting upward pressure on Asian fuel markets. The Philippines, a net importer of petroleum products, remains vulnerable to global oil price swings, foreign‑exchange movements, and supply‑route disruptions, which keep local pump prices well above pre‑conflict levels.