Metro Manila, Philippines – The Department of Energy (DOE) announced significant price cuts for diesel and kerosene on Monday, April 27, even as gasoline prices will have an uptick.
Diesel will cost ₱12.94 per liter less, and kerosene by ₱15.71 per liter. Conversely, gasoline prices will increase by ₱0.53 per liter.
The DOE reported that the national oil supply remains stable, with an average inventory sufficient for 54 days.
The inventory breakdown is as follows:
Gasoline – 53.91 days
Diesel – 54.61 days
Kerosene – 168.74 days
Jet fuel – 70.83 days
Fuel oil – 67.55 days
LPG – 38.44 days
Shipments completed
The department also confirmed the arrival of the final cargo under the Emergency Energy Security Program. The fourth shipment of 329,918 barrels of diesel, arrived in Davao City Monday morning.
This follows three previous deliveries: 142,531 barrels from Japan that reached Batangas on March 26, and two subsequent deliveries to Subic, Zambales, totaling 649,226 barrels.
“The arrival of all four diesel shipments shows that the government is acting with urgency to protect the country’s fuel supply,” said Energy Secretary Sharon Garin.
Garin said while tensions persist in the Middle East, the agency’s priority is to make sure that the country is “prepared, adequately supplied, and able to respond swiftly” to market instabilities.
