The Department of Energy (DOE) projects mixed fuel price changes this week, amid progress on a US-Iran peace deal that may reopen the key Strait of Hormuz oil route.
Gasoline rates could drop by up to ₱0.32 per liter or increase as much as ₱1.68 per liter. Diesel and kerosene are set for clear cuts: diesel down ₱3.71–₱5.71 per liter, and kerosene down ₱0.50–₱2.50 per liter. So far, only Seaoil has announced new prices: +₱1.68/liter gasoline, -₱3.71/liter diesel, -₱0.50/liter kerosene. Last week, gasoline moved both ways while diesel and kerosene rose.
From June 9–15, prices in Metro Manila average ₱78.40 (RON 91 gasoline), ₱81.90 (diesel), and ₱107.50 (kerosene). As of June 12, total fuel supply covers 46.37 days—slightly lower than before. Stocks of gasoline and jet fuel increased; diesel, kerosene, LPG, and fuel oil supplies changed unevenly.
Energy Secretary Sharon Garin said the peace framework is good news for the Philippines, which imports most of its oil. A stable Strait of Hormuz could lower global prices and ease household expenses. The government may review Executive Order No. 110, which declared an energy emergency due to tensions in the Middle East.
Full supply recovery will take 6–12 months due to damaged infrastructure. Current prices are far below April’s highs (₱94.50 gasoline, ₱153.70 diesel) but still higher than pre-conflict February levels (₱53 gasoline, ₱60.79 diesel).
