Major rollback set this week

MANILA: Local oil players are set to cut the price of petroleum products tomorrow, marking the second price drop after consecutive increases.  

Per the Department of Energy (DOE), the price of gasoline will drop by P4.70 per liter on all variants, which include unleaded, premium, and high-performance varieties. Meanwhile, diesel prices will drop by P4.30 per liter across the board (regular and diesel plus), while kerosene costs will be reduced by P4.88 per liter. 

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The adjustment can take place as early as 6 a.m. anywhere from August 11 to 17, 2026. 

Here is how it compares to last week’s movement: 

Products	Permitted range of price adjustment (from August 4-10)	Permitted range of price adjustment (from August 11-17)
Gasoline	P0.73 decrease	P4.70 decrease
Diesel	P0.60 decrease	P4.30 decrease
Kerosene	P2.09 decrease	P4.88 decrease

“Ang mga pagbabagong ito ay nakabatay sa galaw ng pandaigdigang merkado ng langis, sa gitna ng patuloy na kaganapan sa Middle East na nakakaapekto sa global supply at presyo (These changes are driven by movements in the global oil market, amidst ongoing events in the Middle East that are affecting global supply and prices),” the DOE wrote in a social media post.

“Patuloy ang pagkilos ng Department of Energy upang mapalakas ang supply ng langis at mapangalagaan ang kapakanan ng publiko (The Department of Energy continues its efforts to bolster oil supplies and safeguard the public's welfare),” it added. 

Also read: 

Another round of fuel price hikes set for 1st week of Jul.

Fuel price hike expected as month of Jun. closes

Fuel prices to drop by more than P11/L this week

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