Price Rollback From June 2-8
The Department of Energy announced price adjustments for petroleum products for June 2-8, 2026.
The price changes are based on movements in the global oil market, amid ongoing developments in the Middle East that affect global supply and prices.
Consumers can expect a rollback in liquefied fuel prices from June 2 to June 8, according to the June 1 advisory by the Department of Energy (DOE) Oil Industry Management Bureau.
“We’re getting close to the pre-war prices, which were around P50-60. We’re getting closer and closer to this amount,” said Energy Secretary Sharon Garin in a June 1 press conference.
“Hopefully, with no more surprises in the events that are happening in the Middle East – especially with Iran, Israel, and the US – hopefully it goes steady, and we go back to the previous prices. Or at least not as high as before.”
Gasoline variants, specifically RON 97, RON 95, and RON 91, will see a price reduction of P4.76 per liter. Diesel and Diesel Plus will decrease by P9.26 per liter, and kerosene will roll back by P10.86 per liter.
These estimated pump price ranges are calculated for Metro Manila and other highly urbanized areas.
The price adjustment for Liquefied Petroleum Gas (LPG) for the entire month of June 2026, on the other hand, will have a maximum upward adjustment of P3.41 per kilogram.
Philippine-Wide and ASEAN-Wide Stockpiling
Meanwhile, Japanese Prime Minister Sanae Takaichi and Philippine President Ferdinand Marcos, Jr. met in Tokyo on May 28 to discuss supply chain resilience amid the current geopolitical situation.
Building on the discussion, Japan’s Ministry of Economy, Trade, and Industry and the Philippines’ DOE will advance cooperation towards a more resource-resilient ASEAN.
Japan will support the Philippines in establishing its own petroleum reserve program through building technical capacity and conducting feasibility studies. Both countries will also work towards a roadmap for a joint, ASEAN-wide stockpiling.
“This means we will have reserves in the Philippines sufficient enough to weather disruptions in the countries where we get our oil,” Garin said in the press briefing. “Ang objective is the country itself – and not just the private sector – [will have its] own reserve.”
The DOE has met with the Philippine National Oil Corporation and the Maharlika Investment Corporation to identify what the country’s options are for having a national reserve.
“The plan is also to have a regional reserve, para kung sino may problem na country at that point, then they can access inventory in the regional stockpile,” she said.
“We are presenting ourselves as a venue for regional stockpiling, because we have possible areas where we can host it.”
Frequently Asked Questions
Gasoline variants RON 97, RON 95, and RON 91 will each see a rollback of P4.76 per liter. Diesel and Diesel Plus will decrease by P9.26 per liter, and kerosene by P10.86 per liter, based on the DOE Oil Industry Management Bureau’s June 1 advisory.
The rollback is driven by movements in the global oil market, influenced by ongoing developments in the Middle East. Energy Secretary Sharon Garin noted that pump prices are approaching pre-conflict levels of around P50–60 per liter, contingent on no further supply disruptions involving Iran, Israel, and the US.
No. While liquid fuel prices are rolling back, Liquefied Petroleum Gas (LPG) will see a maximum upward adjustment of P3.41 per kilogram for the entire month of June 2026, moving in a different direction from gasoline, diesel, and kerosene.
The DOE is working with the Philippine National Oil Corporation and the Maharlika Investment Corporation to develop a national petroleum reserve program, supported by Japan through technical capacity-building and feasibility studies following a May 28 meeting between President Marcos and PM Takaichi.
The Philippines and Japan are developing a roadmap for a joint ASEAN-wide petroleum stockpile, with the Philippines positioning itself as a regional hosting venue. The initiative aims to give member countries access to a shared oil inventory during supply disruptions, advancing ASEAN energy supply chain resilience.
