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Why drivers pay more at the pump
Manila Bulletin
|March 11, 2026
If the gas in a station's tank was bought weeks ago at lower rates, why are drivers paying more for it today?
It's a question everyone from tricycle drivers to truckers is asking as oil prices spike once again.
In a deregulated market, the answer lies in replacement cost accounting. Philippine oil companies price their current inventory based on what it will cost to buy the next shipment, not what they paid for it.
During a media briefing on Monday, March 9, Energy Secretary Sharon Garin explained that fuel retailers in the country utilize a cost-pricing system based on historical weekly averages. This allows firms to estimate the capital required to replenish supply for the following week.
Cette histoire est tirée de l'édition March 11, 2026 de Manila Bulletin.
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