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Manila Bulletin devider Business devider The Economy devider DOE may scrap fuel price ranges amid market volatility

DOE may scrap fuel price ranges amid market volatility

Published Jul 13, 2026 02:25 pm
Motorcycle riders pull into a gas station along Commonwealth Avenue in Quezon City on Friday, March 20. To bolster national energy security, the Department of Energy announced a government order of up to 300,000 barrels of diesel from a Southeast Asian supplier set for delivery next week—a move aimed at assisting private oil firms in stabilizing future fuel stocks. (Photo by Santi San Juan | MB)
Motorcycle riders pull into a gas station along Commonwealth Avenue in Quezon City on Friday, March 20. To bolster national energy security, the Department of Energy announced a government order of up to 300,000 barrels of diesel from a Southeast Asian supplier set for delivery next week—a move aimed at assisting private oil firms in stabilizing future fuel stocks. (Photo by Santi San Juan | MB)

The Department of Energy (DOE) plans to replace its weekly fuel price guidance with a single, fixed price parameter to govern the next round of oil company pump price adjustments.

This week, the DOE is setting the final range of fuel price adjustments, which will take effect on Tuesday, July 14. Diesel prices will increase by around ₱2.62 to ₱4.62 per liter, while kerosene will rise by ₱2.22 to ₱4.22 per liter.

Gasoline prices may either decrease by ₱1 or increase by ₱1 per liter. Oil companies must base their adjustments on the prescribed range.

Energy Secretary Sharon Garin explained that these price movements were caused by renewed geopolitical tensions after they eased last week.

“Threats to navigation through the Strait of Hormuz have underscored the vulnerability of one of the world’s most critical energy trade corridors, placing upward pressure,” Garin told a press briefing on Monday, July 13.

“If things do not settle down, we will be adjusting the announcement on the prices next week, and we won’t impose any ranges anymore,” she added, noting that the DOE plans to set a single maximum or minimum limit on price movements next week.

This move would not only address ongoing market volatility, but it would also protect motorists from steep price hikes, especially as oil companies choose the maximum price increase for their products or the minimum price rollback set by the DOE.

As of July 10, the DOE recorded 48.17 days’ worth of gasoline supply. Diesel inventory stood at 45.69 days, while kerosene remained the highest at 148.98 days. The supply of liquefied petroleum gas (LPG), or cooking gas, stood at 39.51 days.

Apart from fuel price increases in the downstream oil sector, the DOE also expressed its support for the upcoming Senate investigation into electricity bill shocks.

“The probe will also help us in ensuring that everybody is following what the policies are and the regulations of ERC [the Energy Regulatory Commission], but it would also help us improve the policies and regulations,” Garin said.

Manila Electric Co. (Meralco), the country’s largest power distributor, earlier encouraged customers to report any billing issues through its official customer service channels, while clarifying that those with pending billing complaints will not face service disconnections for unpaid bills from May to July 2026, as these have been suspended nationwide by the ERC.

Related Tags

OIL PRICE HIKE gasoline Diesel kerosene Electricity bills
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