Fuel Prices Philippines - Revision history

Ranisha at 12:50, 23 September 2014

2014-09-23T12:50:36Z

Armin Wagner at 12:35, 26 March 2013

2013-03-26T12:35:28Z

Armin Wagner at 15:44, 13 February 2013

2013-02-13T15:44:42Z

Tai Becker: Protected "Fuel Prices Philippines" ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

2012-12-04T10:53:25Z

Protected "Fuel Prices Philippines" ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

Ingmar Schlecht: 1 revision

2012-12-02T17:34:14Z

1 revision

Ingmar Schlecht: Text replace - "Fuel Price Exchanre Rate Date" to "Fuel Price Exchange Rate Date"

2012-11-14T16:52:12Z

Text replace - "Fuel Price Exchanre Rate Date" to "Fuel Price Exchange Rate Date"

New page

{{Fuel Price Factsheet
|Fuel Price Country=Philippines
|Fuel Currency=PHP
|Fuel Price Exchange Rate=43.568
|Fuel Price Exchange Rate Date=2012/11/17
|Fuel Price Last Updated=
|Fuel Price Composition=GIZ IFP2012 Philippines.png
|Fuel Price Composition Fuel Type=Gasoline 95 Octane
|Fuel Price Composition Location=Manila
|Fuel Price Composition Date=2011/04/20
|Fuel Price Composition Annotation=(*Singapore spot market price for 95 octance gasoline)

Operator costs include seaside shipping, inland transportation, storage, service station costs, etc.

VAT is the only tax on fuels as of May 2011.

Source: own calculation based on http://www.doe.gov.ph/OPM/Pricing%20Formula.htm
|Fuel Pricing Policies=The downstream fuel market in the Philippines is open and the pricing is liberal. There are about ten major retailing companies.

The Philippine Department of Energy (DoE) monitors fuel prices. DoE publishes information on fuel price composition, up-to-date fuel prices (~every two weeks) and historical fuel price data. Prices are shown for three major areas of the country. Since deregulation of the market in the early 2000s, the DoE gives easy-to-understand information to customers on landed cost of bringing in finished oil products, in order to strengthen the market forces on oil companies.
|Fuel Matrix Price Level=2.5
|Fuel Matrix Pricing Mechanism=3
|Fuel Transparency Price Composition=3
|Fuel Transparency Pricing Mechanism=3
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Pump prices and margins
|Fuel Price Factsheet Source Link=http://www.doe.gov.ph/OPM/Pumpprices.htm
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Wholesale Prices
|Fuel Price Factsheet Source Link=http://www.doe.gov.ph/
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Pricing Mechanism
|Fuel Price Factsheet Source Link=http://www.doe.gov.ph/
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Price Composition
|Fuel Price Factsheet Source Link=http://www.doe.gov.ph/
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Other Information
|Fuel Price Factsheet Source Link=http://www.doe.gov.ph/
}}

← Older revision		Revision as of 12:50, 23 September 2014
Line 50:		Line 50:
	\|Fuel Price Factsheet Source Link=http://www.doe.gov.ph/		\|Fuel Price Factsheet Source Link=http://www.doe.gov.ph/
	}}		}}
		+
		+	[[Category:Philippines]]

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Philippines
-|Fuel Pricing Policies=The downstream fuel market in the Philippines is open and the pricing is liberal. There are about ten major retailing companies.
+|Fuel Pricing Policies="Pricing policy: The downstream petroleum sector was deregulated in 1998. The import duties on crude oil and petroleum products were reduced from 3% to 0% by an executive order in Jun 2010. In Feb 2009, the Department of Energy asked oil companies to explain in writing within 48 hours the justification for price increases, and added that it was checking the dates of the acquisition of the supply, the volume, the value, and the shipment date. On Oct 23, 2009, government imposed price ceilings in response to adverse weather events, forcing oil companies to lower prices back to the Oct 15 level. This led to early closure of some filling stations. The ceilings were lifted on Nov 16, on condition that the oil companies agree to implement discounts and stagger future price increases. Under the label “jump-starting” strategic reserves, the president ordered Philippine National Oil Company-Exploration Corporation, which is 99.8% owned by government, to sell diesel at ₱2–3 (US$0.05–0.07)/liter below the market level starting in Jul 2011.
-The Philippine Department of Energy (DoE) monitors fuel prices. DoE publishes information on fuel price composition, up-to-date fuel prices (~every two weeks) and historical fuel price data. Prices are shown for three major areas of the country. Since deregulation of the market in the early 2000s, the DoE gives easy-to-understand information to customers on landed cost of bringing in finished oil products, in order to strengthen the market forces on oil companies.
+Price negotiation: Government in 2003 negotiated voluntary diesel price discounts with oil companies for transport operators, and there were 803 filling stations offering discounts as of Dec 2012. The size of the discount has varied over the years.
-"The downstream petroleum sector was deregulated in 1998, although government has negotiated voluntary diesel price discounts with oil companies for transport operators. Import tariffs on crude oil and refined products were reduced from 3% to 0% in May 2010. In Feb 2009, Department Energy asked oil companies to explain in writing within 48 hours the justification for price increases, and added that it was checking the dates of the acquisition of the supply, the volume, the value, and the shipment date. On Oct 23, 2009, government imposed price ceilings in response to adverse weather events, forcing oil companies to lower prices back to the Oct 15 level. This led to early closure of some filling stations. The ceilings were lifted on Nov 16, on condition that the oil companies agree to implement discounts and stagger future price increases. Under the label “jump-starting” strategic reserves, the president ordered Philippine National Oil Company-Exploration Corporation, which is 99.8% owned by government, to sell diesel at ₱2–3 (US$0.05–0.07) a liter below the market level starting in Jul 2011. Department of Energy monitors both wholesale and retail prices, and posts current and historical data on its Web site." (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
+Compensation: In April 2011, an executive order established a Public Transport Assistance Program and allocated ₱450 million (US$10 million) for compensation using smart cards to registered jeepney and three-wheel drivers. At ₱1,050 (US$24) per jeepney, only 95,000 out of 150,000 cards printed for jeepneys were claimed, enabling the government to offer an additional ₱1,200 (US$28) per vehicle in 2012. Government abandoned a plan for a fuel subsidy scheme for agriculture and fisheries in May 2011, citing difficulties with beneficiary identification.
 |Fuel Currency=PHP
 |Fuel Price Exchange Rate=43.568

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Philippines
 |Fuel Currency=PHP
 |Fuel Price Exchange Rate=43.568
 |Fuel Price Exchange Rate Date=2012/11/17
 |Fuel Price Composition=GIZ IFP2012 Philippines.png
 |Fuel Price Composition Fuel Type=Gasoline 95 Octane
@@ Line 16: / Line 20: @@
 Source: own calculation based on http://www.doe.gov.ph/OPM/Pricing%20Formula.htm
-|Fuel Pricing Policies=The downstream fuel market in the Philippines is open and the pricing is liberal. There are about ten major retailing companies.
+|Fuel Matrix Pricing Mechanism=3
 |Fuel Matrix Price Level=2.5
 |Fuel Transparency Price Composition=3
 |Fuel Transparency Pricing Mechanism=3