Fuel Prices Philippines

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Part of: GIZ International Fuel Price database
Also see: Philippines Energy Situation

Fuel Pricing Policies

Local Currency: PHP
Exchange Rate: 43.568


(2012/11/17)

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*

in Local Currency

* 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.


GIZ IFP2012 Philippines.png


(*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
Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
IFPDB trafficlight green.png IFPDB trafficlight explanation.png IFPDB trafficlight green.png



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

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de