I have very dry and peeling skin on my penis head, there's also three small bumps on my penis head one even scabbed over but was leaking clear yellowi?

Balanitis: It sounds like you may be having a yeast balanitis, and may also have a bacterial infection on top of this. This could also be an STD, maybe herpes. You really should see a physician as soon as possible to have this evaluated.

See doctor: You need to see doctor, have culture done, and depending on history--evaluation for transmitted diseases. Do this today if possible. Do not take chances. You may be prescribed medications before cultures are returned. Good luck.