DOE: 500,000 barrels of diesel arrivingA motorcycle rider refuels at a gasoline station in Quezon City yesterday as higher fuel prices are expected next week. MANILA, Philippines — Shipments of 500,000 barrels of diesel are en route to bolster the Philippines’ depleting fuel buffer, as the government continues to build up stocks amid the ongoing global oil crisis. On top of these deliveries, Energy Secretary Sharon Garin said the government is planning to secure an additional 500,000 barrels this week. This additional supply, however, is expected to just cover an additional five days, as the country consumes around 200,000 barrels of diesel daily. With this week’s adjustments, diesel prices are on track to reach P130 per liter, while gasoline will likely hover around the P100 mark.

Source: Philippine Star March 23, 2026 17:31 UTC