DOE: PH has fuel supply good for 50 days, prices to stay high

National

FUEL supply in the Philippines will last over 50 days with authorities assuring stable inventory but warning that high prices may continue.

In a report by Philstar, Energy Secretary Sharon Garin said oil stocks could last until mid-May, with total inventory averaging 50.42 days as of April 3.

Gasoline supply is at 57.58 days, diesel at 47.26 days, and LPG at 33.10 days—the lowest among fuel types.

The Department of Energy (DOE) clarified that the 50-day supply reflects the replenishment window, not depletion, noting that imports typically arrive within one to two weeks from countries like Japan and China.

No major supply disruptions have been reported, though minor issues persist, the agency said.

The DOE continues weekly inventory monitoring, especially in far-flung areas and independent gas stations.

Diesel demand disruption has reached 20 to 40 percent, while LPG supply is expected to stabilize with incoming shipments, extending availability until June.

Despite stable supply, Garin said fuel prices are likely to remain high.

The Philippines sources about 98 percent of its crude oil from the Middle East, making it vulnerable to ongoing geopolitical tensions and damaged energy infrastructure.

Fuel prices have surged since late February, with diesel and kerosene reaching up to P170 per liter, while gasoline is nearing P120—among the fastest increases recorded.

The DOE added that suspending fuel excise tax will not bring immediate relief, as taxes are already collected upon importation.(Rodgelyn Morales, CTU-TC BAEL-ELSD Intern)