In brief
In Manila on November 3 2026, Shell, Seaoil, PetroGazz and Jetti Petroleum lifted gasoline prices by 3.50 pesos per litre while lowering diesel by 1 peso and kerosene by 1.90 pesos. The moves come after a week‑long swing where gasoline fell and diesel/kerosene rose, reflecting the Philippines’ dependence on imported energy.
In Manila, oil companies announced adjustments to fuel prices that will raise gasoline by 3.50 pesos per liter while lowering diesel and kerosene, officials said on Tuesday, a move that follows last week’s opposite trend in the market.
Shell, Seaoil, PetroGazz and Jetti Petroleum were named in a report citing the local media outlet Manila Times. They are applying the new rates to all service stations across the country.
The announcement states that the new gasoline rate of 3.50 pesos per litre will be effective immediately, while diesel will be cut by 1 peso and kerosene by 1.90 pesos per litre. The changes were announced collectively by the four companies in a coordinated press release that has been distributed to national newspapers and online platforms.
Assistant to the Philippine Department of Energy, though unnamed, said early that the adjustments reflect the ongoing volatility of international crude prices and the country’s limited refining capacity, which forces it to import most of its fuel needs.
Earlier in the week, fuel prices had moved in the opposite direction. GMA Network reported that gasoline was lowered by 0.30 pesos per litre, while diesel and kerosene had increased by 1.20 pesos and 0.50 pesos, respectively. Those changes were part of a brief effort to manage consumer demand amid a global rise in crude supply costs.
The fluctuating adjustments illustrate how the Philippine market is sensitive to global supply chain disruptions. Analysts point to the country’s heavy reliance on imports as a key driver of the price elasticity seen in the gasoline, diesel and kerosene markets.
Economic officials have warned that consumers will feel the impact of these hikes as the cost of transportation and logistics rise. The ministry noted that fuel price adjustments have a direct relationship with the overall consumer price inflation rate in the Philippines.
As the country’s top energy distributors revise their pricing strategy, local drivers and bus operators anticipate an uptick in fuel expenses. Meanwhile, motorists and fuel retailers alike are keeping a close watch on the nation’s refining output and import schedules as they adjust to fluctuating market conditions.