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Price Tracker lists the latest Metro Manila benchmark prices compiled from available reported figures and national reference data.
Philstar.com illustration
MANILA, Philippines — The rollback in oil and fuel prices that took effect Tuesday, April 15, only partly offsets the sustained run-up in recent weeks, officials said.
Before the adjustment, gasoline prices had risen for 13 straight weeks, while diesel and kerosene had gone up for 15 consecutive weeks.
A more immediate shift is that tax relief is beginning to reach retail prices, at least for cooking fuel.The cut translates to about P3 per kilo, or roughly P33 for an 11-kilo LPG cylinder, suggesting that the next phase of relief will depend on how quickly other retailers follow.
At the same time, economic managers have drawn a line against broader tax cuts, particularly the suspension of excise taxes on diesel and gasoline on the view that the impact on pump prices would be limited.
On the supply side, the Department of Energy said the country has about 50 days of fuel inventory. The agency also said additional LPG orders have been placed as the government looks for alternative suppliers.
Fuel price benchmarks
National averages with reported low-high range
Footnotes
[1] National averages are from MetroFuel Tracker's April 15 "Fuel Prices Today" page, which reports national average prices for diesel (P128.73/L), premium diesel (P134.60/L), unleaded 91 (P93.82/L), premium 95 (P97.09/L) and premium 97/98/100 (P103.24/L).
[2] Range low values are the lowest station prices reported in MetroFuel's "Cheapest prices by city" list. For example, the lowest diesel price is P113.21/L in Davao City and the lowest unleaded 91 price is P77.70/L in several Metro Manila cities. The lowest premium diesel (P118.61/L), premium 95 (P78.70/L) and premium 97/98/100 (P81.50/L) also come from this list.
[3] Range high values are derived from GasWatch PH's brand-by-brand averages. Jetti's diesel average (P167.10/L) and unleaded 91 average (P100.17/L) represent the high end. The highest recorded premium diesel (P125.20/L), premium 95 (P90.20/L) and premium 97/98/100 (P108.20/L) are from MetroFuel's city list.
