Philippines Oil Consumption

1965 - 2024 | Yearly | Barrel/Day th | BP PLC

Key information about Philippines Oil Consumption

  • Philippines Oil Consumption was reported at 486.641 Barrel/Day th in Dec 2024
  • This records an increase from the previous number of 462.807 Barrel/Day th for Dec 2023
  • Philippines Oil Consumption data is updated yearly, averaging 296.534 Barrel/Day th from Dec 1965 to 2024, with 60 observations
  • The data reached an all-time high of 486.641 Barrel/Day th in 2024 and a record low of 97.354 Barrel/Day th in 1965
  • Philippines Oil Consumption data remains active status in CEIC and is reported by BP PLC
  • The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.OIL: Oil: Consumption

View Philippines's Oil Consumption from 1965 to 2024 in the chart:

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Philippines Oil Consumption
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Philippines Oil Consumption

What was Philippines's Oil Consumption in 2024?

Philippines Oil Consumption was reported at 486.641 Barrel/Day th in Dec 2024 See the table below for more data.

Last Previous Min Max Unit Frequency Range
486.641 2024 462.807 2023 97.354 1965 486.641 2024 Barrel/Day th yearly 1965 - 2024

Oil Consumption by Country Comparison

country/region Last Frequency Range
Algeria (Barrel/Day th) 461.429 2024 yearly 1965 - 2024
Argentina (Barrel/Day th) 604.335 2024 yearly 1965 - 2024
Australia (Barrel/Day th) 1,087.010 2024 yearly 1965 - 2024
Austria (Barrel/Day th) 228.164 2024 yearly 1965 - 2024
Azerbaijan (Barrel/Day th) 128.187 2024 yearly 1985 - 2024
Bangladesh (Barrel/Day th) 264.439 2024 yearly 1971 - 2024
Belarus (Barrel/Day th) 161.888 2024 yearly 1985 - 2024
Belgium (Barrel/Day th) 576.960 2024 yearly 1965 - 2024
Brazil (Barrel/Day th) 2,575.230 2024 yearly 1965 - 2024
Bulgaria (Barrel/Day th) 108.621 2024 yearly 1965 - 2024
Canada (Barrel/Day th) 2,333.199 2024 yearly 1965 - 2024
Chile (Barrel/Day th) 428.135 2024 yearly 1965 - 2024
China (Barrel/Day th) 16,373.508 2024 yearly 1965 - 2024
Colombia (Barrel/Day th) 449.047 2024 yearly 1965 - 2024
Croatia (Barrel/Day th) 81.166 2024 yearly 1990 - 2024
Cyprus (Barrel/Day th) 49.204 2024 yearly 1965 - 2024
Czech Republic (Barrel/Day th) 199.524 2024 yearly 1965 - 2024
Denmark (Barrel/Day th) 157.093 2024 yearly 1965 - 2024
Ecuador (Barrel/Day th) 290.275 2024 yearly 1965 - 2024
Egypt (Barrel/Day th) 781.742 2024 yearly 1965 - 2024
Estonia (Barrel/Day th) 25.931 2024 yearly 1985 - 2024
Finland (Barrel/Day th) 157.129 2024 yearly 1965 - 2024
France (Barrel/Day th) 1,359.665 2024 yearly 1965 - 2024
Germany (Barrel/Day th) 2,051.450 2024 yearly 1965 - 2024
Greece (Barrel/Day th) 298.340 2024 yearly 1965 - 2024
Hong Kong SAR, China (Barrel/Day th) 304.563 2024 yearly 1965 - 2024
Hungary (Barrel/Day th) 170.580 2024 yearly 1965 - 2024
Iceland (Barrel/Day th) 19.590 2024 yearly 1965 - 2024
India (Barrel/Day th) 5,620.537 2024 yearly 1965 - 2024
Indonesia (Barrel/Day th) 1,633.197 2024 yearly 1965 - 2024
Iran (Barrel/Day th) 1,953.251 2024 yearly 1965 - 2024
Iraq (Barrel/Day th) 924.799 2024 yearly 1965 - 2024
Ireland (Barrel/Day th) 148.713 2024 yearly 1965 - 2024
Israel (Barrel/Day th) 206.941 2024 yearly 1965 - 2024
Italy (Barrel/Day th) 1,262.476 2024 yearly 1965 - 2024
Japan (Barrel/Day th) 3,237.857 2024 yearly 1965 - 2024
Kazakhstan (Barrel/Day th) 346.257 2024 yearly 1985 - 2024
South Korea (Barrel/Day th) 2,891.488 2024 yearly 1965 - 2024
Kuwait (Barrel/Day th) 519.165 2024 yearly 1965 - 2024
Latvia (Barrel/Day th) 32.427 2024 yearly 1985 - 2024
Lithuania (Barrel/Day th) 64.087 2024 yearly 1985 - 2024
Luxembourg (Barrel/Day th) 48.152 2024 yearly 1965 - 2024
North Macedonia (Barrel/Day th) 24.487 2024 yearly 1990 - 2024
Malaysia (Barrel/Day th) 934.378 2024 yearly 1965 - 2024
Mexico (Barrel/Day th) 1,853.303 2024 yearly 1965 - 2024
Morocco (Barrel/Day th) 315.808 2024 yearly 1965 - 2024
Netherlands (Barrel/Day th) 784.681 2024 yearly 1965 - 2024
New Zealand (Barrel/Day th) 158.146 2024 yearly 1965 - 2024
Norway (Barrel/Day th) 222.179 2024 yearly 1965 - 2024
Oman (Barrel/Day th) 217.435 2024 yearly 1965 - 2024
Pakistan (Barrel/Day th) 423.803 2024 yearly 1965 - 2024
Peru (Barrel/Day th) 279.589 2024 yearly 1965 - 2024
Philippines (Barrel/Day th) 486.641 2024 yearly 1965 - 2024
Poland (Barrel/Day th) 704.662 2024 yearly 1965 - 2024
Portugal (Barrel/Day th) 213.117 2024 yearly 1965 - 2024
Qatar (Barrel/Day th) 397.280 2024 yearly 1965 - 2024
Romania (Barrel/Day th) 242.204 2024 yearly 1965 - 2024
Russia (Barrel/Day th) 3,846.333 2024 yearly 1985 - 2024
Saudi Arabia (Barrel/Day th) 3,958.601 2024 yearly 1965 - 2024
Singapore (Barrel/Day th) 1,491.949 2024 yearly 1965 - 2024
Slovakia (Barrel/Day th) 85.275 2024 yearly 1965 - 2024
Slovenia (Barrel/Day th) 45.177 2024 yearly 1990 - 2024
South Africa (Barrel/Day th) 466.576 2024 yearly 1965 - 2024
Spain (Barrel/Day th) 1,269.900 2024 yearly 1965 - 2024
Sri Lanka (Barrel/Day th) 115.513 2024 yearly 1965 - 2024
Sweden (Barrel/Day th) 248.680 2024 yearly 1965 - 2024
Switzerland (Barrel/Day th) 188.016 2024 yearly 1965 - 2024
Taiwan (Barrel/Day th) 823.928 2024 yearly 1965 - 2024
Thailand (Barrel/Day th) 1,252.798 2024 yearly 1965 - 2024
Trinidad and Tobago (Barrel/Day th) 33.237 2024 yearly 1965 - 2024
Turkey (Barrel/Day th) 1,162.458 2024 yearly 1965 - 2024
Turkmenistan (Barrel/Day th) 162.412 2024 yearly 1985 - 2024
Ukraine (Barrel/Day th) 205.977 2024 yearly 1985 - 2024
United Arab Emirates (Barrel/Day th) 1,183.303 2024 yearly 1965 - 2024
United Kingdom (Barrel/Day th) 1,325.100 2024 yearly 1965 - 2024
United States (Barrel/Day th) 18,995.005 2024 yearly 1965 - 2024
Uzbekistan (Barrel/Day th) 137.304 2024 yearly 1985 - 2024
Venezuela (Barrel/Day th) 325.104 2024 yearly 1965 - 2024
Vietnam (Barrel/Day th) 706.872 2024 yearly 1965 - 2024

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.0 Sep 2025 quarterly Dec 1985 - Sep 2025
Consolidated Fiscal Balance (USD mn) 191.324 Oct 2025 monthly Jan 1985 - Oct 2025
Tax Revenue (USD mn) 7,109.904 Oct 2025 monthly Jan 1985 - Oct 2025
Tax Revenue: % of GDP (%) 15.6 Sep 2025 quarterly Mar 1985 - Sep 2025
National Government Debt (USD mn) 297,648.2 Oct 2025 monthly Jan 1993 - Oct 2025
Government Debt: % of GDP (%) 63.1 Sep 2025 quarterly Mar 1993 - Sep 2025
Forecast: Government Expenditure (PHP bn) 9,538.160 2030 yearly 1989 - 2030
Forecast: Government Net Debt (PHP bn) 23,834.650 2030 yearly 1993 - 2030
Forecast: Government Revenue (PHP bn) 8,774.629 2030 yearly 1989 - 2030
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 14,437,106.000 Oct 2025 monthly Jan 2006 - Oct 2025
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 938,368.000 Oct 2025 monthly Jan 2006 - Oct 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,827.8 Oct 2025 monthly Jan 1957 - Oct 2025
Total Exports (USD mn) 7,391.9 Oct 2025 monthly Jan 1979 - Oct 2025
Total Exports Growth (%) 19.4 Oct 2025 monthly Jan 1980 - Oct 2025
Aluminum: Exports (USD th) 195,030.466 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 24,205.344 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 12,686.801 2024 yearly 1995 - 2024
Total Imports (USD mn) 11,219.7 Oct 2025 monthly Jan 1979 - Oct 2025
Total Imports Growth (%) -6.5 Oct 2025 monthly Jan 1980 - Oct 2025
Imports: Medicament (USD th) 1,838,565.771 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 626,781.378 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 1,161.615 Oct 2025 monthly Jan 1978 - Oct 2025
Total Imports from USA (USD mn) 690.708 Oct 2025 monthly Jan 1986 - Oct 2025
Total Exports to China (USD mn) 868.438 Oct 2025 monthly Jan 1984 - Oct 2025
Total Imports from China (USD mn) 3,408.777 Oct 2025 monthly Jan 1986 - Oct 2025
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Import Value Index (2015=100) 166.404 2021 yearly 1980 - 2021
Export Value Index (2015=100) 126.842 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 154.2 Sep 2025 monthly Jan 2005 - Sep 2025
Current Account Balance (USD mn) -1,678.8 Jun 2025 monthly Jan 1999 - Jun 2025
Current Account Balance: % of GDP (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Direct Investment (USD mn) 320.4 Sep 2025 monthly Jan 2005 - Sep 2025
Foreign Direct Investment: % of GDP (%) 1.8 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment (USD mn) 942.773 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 2.4 Sep 2025 quarterly Mar 1981 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -17.9 Sep 2025 quarterly Mar 1996 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 2,769.125 Sep 2025 quarterly Mar 1977 - Sep 2025
External Debt (USD mn) 149,093.4 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: % of GDP (%) 29.8 2024 yearly 1990 - 2024
External Debt: Short Term (USD mn) 21,409.3 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 4.5 2024 yearly 2005 - 2024
Forecast: Current Account Balance (USD bn) -13.928 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,284.036 Jun 2025 quarterly Dec 2012 - Jun 2025
BoP: Change in Reserve Assets: Debit (USD mn) 94.282 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Services: Credit: Export (USD mn) 4,807.548 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -360.950 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 154.217 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Net Incurrence of Liabilities (USD mn) 6,143.334 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Goods: Debit: Import (USD mn) 11,231.099 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: Financial Account (FA) (USD mn) -1,472.803 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,699.529 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Export (USD mn) 14,560.212 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: Capital Account (CA) (USD mn) 10.254 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 185.068 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,513.975 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,092.827 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 4,968.045 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Secondary Income: Debit: Payments (USD mn) 128.654 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -61.661 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Direct Investment (DI) (USD mn) -166.182 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Financial Derivatives (FD) (USD mn) -29.120 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Primary Income (USD mn) 421.148 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Secondary Income (USD mn) 2,813.316 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Net Acquisition of Financial Assets (USD mn) 4,670.531 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: Current Account (CA) (USD mn) -926.540 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Credit: Receipts (USD mn) 10.537 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Goods: Credit: Export (USD mn) 5,296.719 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -90.781 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Import (USD mn) 15,486.752 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Services: Debit: Import (USD mn) 3,034.172 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Services (USD mn) 1,773.376 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 4,782.977 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,941.969 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 320.399 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Goods (USD mn) -5,934.380 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: CA: Debit: Payments (USD mn) 0.283 Sep 2025 monthly Jan 2005 - Sep 2025
BoP: FA: Other Investments (OI) (USD mn) -6,060.478 Sep 2025 monthly Jan 2005 - Sep 2025
External Debt: By Country Profile: Country: UK (USD mn) 2,597.218 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: Medium and Long Term (USD mn) 128,181.445 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: France (USD mn) 2,632.733 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: Japan (USD mn) 16,059.355 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: USA (USD mn) 3,360.037 Sep 2025 quarterly Mar 2005 - Sep 2025
External Debt: By Country Profile: Country: Germany (USD mn) 2,159.034 Sep 2025 quarterly Mar 2005 - Sep 2025
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
FDI: Approved: Administrative & Support Services (PHP mn) 3,327.175 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Manufacturing (PHP mn) 30,550.029 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Transportation & Storage (PHP mn) 11,869.695 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Real Estate Activities (PHP mn) 2,515.437 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Information & Communication (PHP mn) 265.529 Dec 2024 quarterly Mar 2010 - Dec 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.3 Oct 2025 monthly Mar 2008 - Oct 2025
Household Debt: % of GDP (%) 12.8 Sep 2025 quarterly Mar 2009 - Sep 2025
Non-Performing Loans (USD mn) 9,285.066 Sep 2025 quarterly Mar 2008 - Sep 2025
Money Supply M1 (USD mn) 127,138.042 Oct 2025 monthly Dec 1988 - Oct 2025
Money Supply M2 (USD mn) 317,145.401 Oct 2025 monthly Dec 1988 - Oct 2025
M2 Growth (%) 8.8 Oct 2025 monthly Dec 1989 - Oct 2025
Reserve Requirement Ratio (%) 5.0 Nov 2025 monthly May 1986 - Nov 2025
Foreign Exchange Reserves (USD mn) 88,412.0 Nov 2025 monthly Jan 1960 - Nov 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Oct 2025 monthly Jan 1979 - Oct 2025
Gold Reserves (USD mn) 18,025.841 Nov 2025 monthly Dec 1956 - Nov 2025
Total Deposits (USD mn) 362,936.341 Sep 2025 quarterly Mar 2008 - Sep 2025
Total Deposits Growth (%) 7.6 Sep 2025 quarterly Mar 2009 - Sep 2025
Domestic Credit (USD mn) 365,706.8 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit Growth (%) 10.5 Oct 2025 monthly Dec 2002 - Oct 2025
Household Debt (USD mn) 60,938.4 Sep 2025 quarterly Mar 2009 - Sep 2025
Total Loans (USD mn) 256,125.179 Oct 2025 monthly Mar 2008 - Oct 2025
Total Loans Growth (%) 10.56 Oct 2025 monthly Mar 2009 - Oct 2025
Private Debt: % of Nominal GDP (%) 49.96 Sep 2025 quarterly Dec 2001 - Sep 2025
DCS: Domestic Claims (DC) (PHP mn) 21,577,798.580 Oct 2025 monthly Dec 2001 - Oct 2025
YoY: DCS: LA: M4: M3: M2 (%) 9.089 Oct 2025 monthly Dec 2002 - Oct 2025
YoY: DCS: LA: M4: Foreign Currency Deposits of Residents (%) 8.255 Oct 2025 monthly Dec 2002 - Oct 2025
YoY: DCS: LA: M4: M3 (%) 8.820 Oct 2025 monthly Dec 2002 - Oct 2025
YoY: DCS: LA: M4: M3: Deposit Substitutes (%) 8.434 Oct 2025 monthly Dec 2002 - Oct 2025
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 Nov 2025 monthly May 1986 - Nov 2025
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
CL: PBS: Real Estate: Residential (PHP bn) 1,177.772 Sep 2025 quarterly Mar 2009 - Sep 2025
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 3,536.987 Sep 2025 quarterly Mar 2009 - Sep 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -16.0 Sep 2025 quarterly Jun 2002 - Sep 2025
Business Outlook: Index: Services: Current Quarter (Point) 52.860 Dec 2024 quarterly Jun 2001 - Dec 2024
Business Outlook: Index: Industry: Current Quarter (Point) 34.545 Dec 2024 quarterly Jun 2001 - Dec 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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