The Philippine National Police (PNP) has confirmed a sharp increase in the number of gasoline stations forced to close nationwide, citing soaring fuel costs that have made it economically unsustainable for many independent operators to continue business.
PNP spokesperson Randulf Tuano said during a news conference that the total number of shuttered stations has risen significantly in recent days, reflecting growing financial strain on fuel retailers unable to absorb rapid increases in wholesale prices.
The announcement, made on Monday, highlights the worsening impact of persistent fuel price hikes on the downstream oil sector, as the Philippines contends with global energy market volatility and domestic supply chain pressures.
Tuano revealed that the number of closed stations has jumped to 403, up from 273 recorded on March 18, marking a dramatic escalation in the past week.
The surge in closures has raised concerns about potential fuel supply disruptions in remote areas and urban outskirts, prompting authorities to monitor the situation closely and encourage affected station owners to seek available government support.
The development underscores broader economic challenges facing the transport and logistics sectors, where higher pump prices continue to squeeze margins and threaten livelihoods reliant on affordable fuel access.
Consumers and industry stakeholders are advised to stay updated through official channels as the PNP and relevant agencies assess the full implications of the ongoing station shutdowns.
