Gasoline prices get big hike on November 3, diesel and kerosene roll back

FUEL. A pump attendant fills a motorcycle with fuel at a gas station in Paco, Manila, on January 12, 2026.

Rappler

The hike in gasoline prices comes after two consecutive weeks of rollbacks

MANILA, Philippines – Gasoline prices are going up by as much as P3.50 per liter starting Tuesday, November 3.

The Department of Energy (DOE) announced the following permitted price adjustments for November 3 to 9:

• Gasoline – increase of up to P3.50 per liter
• Diesel – rollback of at least P1 per liter
• Kerosene – rollback of at least P1.90 per liter

Last week, gasoline prices had a small rollback of P0.30 per liter, while diesel increased by P1.20 and kerosene by P0.50.

DOE’s price monitoring for the week of October 27 to November 2 put the common price of fuel in NCR at P84.20 for RON95 gasoline, P83.30 for RON91 gasoline, P94.50 for diesel, and P123.90 for kerosene.

Local pump prices remain substantially higher than before fighting involving Iran and US-Israeli forces broke out on February 28. In the last full week before the conflict, common Metro Manila prices stood at P56 per liter for RON95 gasoline, P54.70 for RON91, P55 for diesel, and P83.47 for kerosene.

The Philippines imports much of its petroleum requirements as finished products, making domestic prices vulnerable to changes in regional fuel markets, freight costs, and foreign exchange rates.

Meanwhile, excise taxes on liquefied petroleum gas and kerosene remain suspended under Executive Order No. 125, issued by President Ferdinand Marcos Jr. in September. The relief does not cover gasoline or diesel. – Rappler.com