ILOILO City – Fuel prices in Malay, Aklan — the main entry point to the globally known Boracay Island — declined as of April 21, providing some respite after earlier spikes, though liquefied petroleum gas (LPG) prices stayed elevated.
Figures from the Municipal Disaster Risk Reduction and Management Council (MDRRMC) showed diesel prices falling sharply, with some outlets in Caticlan listing rates as low as P96.66 per liter. This is a significant reduction from earlier levels this month that climbed past P160 per liter. Across most stations, diesel now ranged roughly from P96 to P110.
Gasoline prices likewise moved downward. Regular gasoline dipped to around P83.50 per liter in some areas, while premium gasoline dropped below the P90 mark in select stations. Still, certain locations, particularly in Yapak, continued to post higher prices exceeding P100 per liter.
The downward trend follows a series of increases earlier in April tied to global oil market instability caused by tensions in the Middle East. While current adjustments point to easing prices, the situation remains fluid as international developments continue to influence local markets.
In contrast, LPG prices showed little to no reduction and, in some cases, edged higher compared to earlier data this month.
On Boracay Island, 11-kilogram LPG tanks were still priced at about P1,805, consistent with or slightly above the previously reported P1,700 to P1,800 range. Mainland Malay posted similar figures at around P1,800, indicating sustained pressure on household and commercial energy costs.
Prices of smaller LPG cylinders also increased, with 7-kg tanks reaching approximately P1,177 to P1,180. Larger 50-kg tanks remained expensive, climbing to as much as P8,055 on the island and about P7,966 on the mainland — levels that mirror or slightly exceed earlier records.
Experts note that LPG pricing often responds more slowly to global oil movements and can remain high due to added transport costs, particularly in island destinations.
As the gateway to Boracay, Malay’s fuel and LPG price movements have a direct impact on the island’s tourism economy. Higher energy costs can influence transportation fares, accommodation operations, and food services, especially during peak tourist periods.
Officials said they are continuing to track price developments and ensure supply stability, while advising consumers and businesses to use energy resources prudently amid ongoing global uncertainties./PN
