The Department of Energy (DOE) said domestic fuel price movements are beginning to stabilize, with the latest adjustment range for June 30 to July 6 showing smaller swings compared with previous weeks of heightened volatility.

Energy Secretary Sharon Garin said the international oil market is calming down following recent geopolitical tensions in the Middle East, while the country’s total petroleum supply remained at a healthy level of 41.16 days as of June 26.

For the June 30 to July 6 adjustment period, the DOE said gasoline may move between a PHP 0.10 per liter rollback and a PHP 1.90 per liter increase.

The same range applies to RON 97, RON 95, and RON 91 gasoline products.

Diesel and diesel plus may move between a PHP 1.16 per liter rollback and a PHP 0.84 per liter increase, while kerosene may move between a PHP 0.78 per liter rollback and a PHP 1.22 per liter increase.

“That shows that basically the market is calming down internationally and then the prices are starting to calm down also,” Garin said.

She said the DOE would continue monitoring the international oil market, noting that global developments affecting fuel prices remain beyond domestic control.

On fuel inventory, the DOE reported that the country had an overall expected available petroleum supply of 41.16 days as of June 26.

By product, gasoline supply stood at 42.19 days, diesel at 37.66 days, kerosene at 212.41 days, jet fuel at 70.83 days, fuel oil at 27.87 days, and liquefied petroleum gas at 35.75 days.

The DOE said the decline in some inventory levels may partly reflect expectations that prices could continue easing, although at a slower pace, as market players hold off on immediate replenishment.

The department also said it is continuing work on fuel stockpiling, including buffer inventory acquired by the Philippine National Oil Company.

DOE officials said the government is gradually managing these volumes to avoid disrupting the market.

Meanwhile, fuel subsidy availments reached around PHP 181.7 million as of June 25, covering 75,485 public utility vehicles through around 2,323 gasoline stations.

The DOE said the program has been running for 11 weeks since April 13, with availments increasing from 72,095 PUVs the previous week.

The department said the subsidy program would continue until the fund is exhausted, based on updates from the Land Transportation Franchising and Regulatory Board and partner agencies.

The DOE said it will continue monitoring global oil market movements, domestic fuel inventories, and consumer impacts as fuel prices adjust under the current emergency framework.

How can stable fuel inventories and narrower price movements help ease pressure on motorists and public transport operators?

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