Monday, October 12, 2026

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ABS-CBNNewsPhilippines

Diesel prices down, gasoline prices up this week

MANILA — Diesel prices are set to fall while gasoline prices are set to rise this week.

The Department of Energy (DOE) said oil prices may move by the following amounts:

Diesel – P3.01/L decrease
Gasoline – P1.56/L increase
Kerosene – P1.77/L increase

Gasoline and kerosene prices are higher because of a higher cargo premium, while diesel has a lower cargo premium.

Energy Secretary Sharon Garin also announced the fuel inventory as of October 9, 2026:

Diesel         56 days

Gasoline    53 days 

Kerosene   147 days

LPG            31 days

Garin has also addressed the call of several organizations for her to resign due to alleged failure to solve the energy crisis in the Visayas and other issues.

Garin said she works at the pleasure of the president and she will follow any directive from President Ferdinand Marcos Jr.

The secretary maintains that the DOE is doing everything to solve the problem in the Visayas region.

The DOE is also preparing the electricity grid for the peak of the projected strong El Nino until the first half of next year.

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