Difference between revisions of "Fuel Prices Philippines"
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Revision as of 17:34, 2 December 2012
Part of: GIZ International Fuel Price database
Also see: Philippines Energy Situation
Fuel Pricing Policies
| Local Currency: | PHP |
| Exchange Rate: | 43.568
|
| Last Update: |
The downstream fuel market in the Philippines is open and the pricing is liberal. There are about ten major retailing companies.
The Philippine Department of Energy (DoE) monitors fuel prices. DoE publishes information on fuel price composition, up-to-date fuel prices (~every two weeks) and historical fuel price data. Prices are shown for three major areas of the country. Since deregulation of the market in the early 2000s, the DoE gives easy-to-understand information to customers on landed cost of bringing in finished oil products, in order to strengthen the market forces on oil companies.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2011/04/20 in Manila.
(*Singapore spot market price for 95 octance gasoline)
Operator costs include seaside shipping, inland transportation, storage, service station costs, etc.
VAT is the only tax on fuels as of May 2011.
Source: own calculation based on http://www.doe.gov.ph/OPM/Pricing%20Formula.htm
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.doe.gov.ph/ |
| Price Composition | http://www.doe.gov.ph/ |
| Pricing Mechanism | http://www.doe.gov.ph/ |
| Pump prices and margins | http://www.doe.gov.ph/OPM/Pumpprices.htm |
| Wholesale Prices | http://www.doe.gov.ph/ |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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