MOTORISTS in the Philippines will pay more for gasoline this week, with pump prices set to rise by as much as P3.50 per liter, while consumers of diesel and kerosene will get relief through rollbacks of more than P1 per liter.

In an advisory issued on Monday, the Department of Energy (DoE) said gasoline prices will climb by P3.50 per liter, while diesel and kerosene will ease by P1 and P1.90 per liter, respectively. Pump prices in the Philippines are reset on a weekly cycle, with the DoE’s advisories tracking movements in the world oil market — a routine that directly shapes recurring transport costs for households and operators.

The adjustment ends two consecutive weeks of rollbacks for gasoline. Diesel prices, which had recorded increases for two straight weeks, are set to move lower.

“These adjustments are driven by movements in the global oil market, amid ongoing developments in the Middle East that are affecting global supply and prices,” the DoE said.

The agency added that it continues to take steps to strengthen the country’s oil supply and safeguard public welfare.

Fuel inventories remain adequate. As of Oct. 30, the country’s fuel stock was sufficient to cover average daily demand of 73.61 million liters for roughly 52.95 days — a coverage measure that indicates how long existing stocks can meet demand at current consumption rates — according to DoE data. Gasoline inventory was equivalent to 52.95 days of demand, diesel 56.66 days, kerosene 148.55 days, jet fuel 58.88 days, fuel oil 63.30 days, and liquefied petroleum gas 35.12 days.

Leo P. Bellas, president of Jetti Petroleum, Inc., said diesel prices had softened on an easing supply outlook, supported by stock releases and increased exports from China and Russia.

“However, Asian gasoline balances remained tight despite the release of Chinese export quotas as higher imported costs of crude weigh on regional refining economics,” he said.

Mr. Bellas added that crude oil prices had rebounded amid growing supply risks, with markets anticipating a possible escalation of the Iran conflict following the US midterm elections. With the DoE citing Middle East developments as the force behind this week’s changes, the next weekly advisory will indicate how continued shifts in global supply and prices carry into pump prices the following week. — Sheldeen Joy Talavera

This article was first published by BusinessWorld on Nov. 2, 2026.