The Philippine Institute of Petroleum

About Us

We are a non-stock, non-profit SEC registered grouping of businesses, operating in the downstream oil industry in the Philippines. We are an independent body representing the common interests of our members with different publics.

Our Member companies include: Chevron Philippines Inc; Isla LPG Corporation; Petron Corporation; Pilipinas Shell Petroleum Corporation; PTT Philippines Corporation; and Total Philippines Corporation.

Any company engaged in the downstream oil business, as defined in Section 4 paragraph (a) of RA 8479, is qualified for membership to PIP. Types of memberships are Regular, Associate, Individual, and Institutional members.   Our Individual Members include distinguished personalities from the business sector, organizations and the academe.

Know more about PIP HERE…

PIP Highlights


Oil Monitor as of March 21, 2018

Published: March 27, 2018

Dubai crude increased week-on-week by US$0.25 per barrel. MOPS diesel increased as well by nearly US$0.75 contrary to  gasoline that decreased by US$0.25 per barrel. Reasons for the Adjustment: Asian gasoline market was relatively stable on ample supply coming out of China and South Korea. Limited buying interest from regional demand Read more…


Oil Supply/Demand Report First Half 2017

Published: January 15, 2018

June 2017 actual crudes and petroleum products inventory closed at 24,854 thousand barrels (MB) or 56-day supply equivalent; 37 days for crude oil and products in country stocks and 19 days in-transit.  This was higher by 24.6 percent from June 2016 level of 19,953 MB. 1H 2017 average inventory was recorded at 47 days, 38 days in country stock and 9 days in-transit.  Read more…


PIP conducts Capacity Building Training for DOE

Published: November 15, 2017

PIP conducted a 3-day (17-19 October 2017) capacity building training for the DOE personnel (Division Chiefs, staff and field personnel) from Liquid Fuels and LPG Sections from main office including those from Visayas and Mindanao field offices. Read more…


Pilipinas Shell Inks Agreement to Install EV Charging Infra in the Philippines

Published: October 23, 2017

Showcasing its strong commitment to promoting smarter mobility in the country, energy company Pilipinas Shell Petroleum Corporation (PSPC) recently signed a memorandum of agreement with QEV Philippines (QEV), a joint venture between Filipino and Spanish businessmen Endika Aboitiz and Enrique Banuelos, that aims to put up the first electric vehicle (EV) fast charging infrastructure in the country. Read more…


Thai Energy Minister, PTT execs join ASEAN Forum in Manila

Published: September 28, 2017

Thailand’s Minister for Energy Gen. Anantaporn Kanjanarat and some executives of PTT Group joined the ASEAN Energy Business Forum (AEBF) 2017, a parallel conference at the 35th ASEAN Ministers on Energy Meeting (AMEM) that opened in Manila on Wednesday, September 27, 2017.  Read more…