Commodity Market Report
Philippines retail fuels long-term outlook
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
With an improving economy and increasing purchasing power, car ownership is expected to more than double by 2040. This will support gasoline and diesel demand out to 2040. Beyond 2040, however, both gasoline and diesel demand, are forecast to start to decline owing to growth in sales of hybrids and electric vehicles. The county has historically been a net importer of refined oil products given its relatively small domestic refining sector. Following the closure of Shell’s refinery in 2020, there is currently only one refinery in the Philippines. The country’s gasoline and diesel deficit is set to grow out to 2050. There are over 11,000 retail fuel service stations in Philippines with a relatively low average throughput of around one million litres. Over 55% of the service station network is in the Luzon region which accounts for over 70% of the country’s oil products demand.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Philippines other fields
We detail some of the other fields in the Philippines that are onstream, shut-in, or likely to be developed in the near term.
$3,720
Market Report
China distributed solar market outlook 2025
a comprehensive analysis of market trends, near-term dynamics and future perspectives of DG solar in China
$5,990
Asset Report
SC 38 (Malampaya/Camago)
The key Malampaya asset is the only onstream domestic gas supplier in the Philippines.
$3,720
