Crude Oil Price in the Philippines
The chart above illustrates Crude Oil prices in the Philippines, in PHP/Bbl, from March 2024 to March 2025, as follows:
- Crude Oil (Sour), imp, PH: Crude Oil (sour), import spot, cif, Philippines
Further information about price assessments covered can be found in the assessments guide.
The Crude Oil (Sour), imp, PH price reached approximately 4,440 PHP per Bbl in March 2025. This marked a 7.5% fall when compared to the previous month's value. Year-over-year, Crude Oil (Sour), imp, PH prices decreased by 12.1%.
Recent data, updated on October 3rd, 2025, can be found in the the Philippines Energy Prices & Markets Report. Updated monthly, the report provides price assessments and market analyses for crude oil, encompassing production, demand and trade dynamics. It also covers other energy commodities in the Philippines, presenting price assessments and market analyses of production, demand, trade, and the Philippines' energy self-sufficiency.
Price Assessments Covered in the Report
Access timely and reliable Crude Oil price assessments — updated every month and backed by consistent methodologies.
Current Prices
Access up-to-date Crude Oil price assessments released at the beginning of each month, providing consolidated and relevant market data.
Price Forecasts
View short-term Crude Oil price projections that help you anticipate market direction and make informed decisions.
Historical Prices
Explore historical Crude Oil price series over multiple timeframes to identify short-, medium-, and long-term trends.
Beyond Prices: Market Analyses Covered
Understand the broader energy dynamics shaping Philippines's markets.
Production & Demand
Track energy production and consumption patterns to understand supply-demand dynamics across sectors.
Imports & Exports
Analyze energy trade flows and key trading partners to evaluate cross-border dependencies.
Energy Balance & Self-Sufficiency
Assess Philippines's energy balance and self-reliance, identifying exposure to external supply sources.
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