Second week of Nov. 2026 to see massive rollback for gasoline

MANILA: The Department of Energy (DOE) has released the latest projections for fuel pricing adjustments for the second week of November 2026 (Nov. 10-16). 

According to a post shared by the government agency on its social media channels, gasoline prices will drop by up to P16.80 per liter this week. Diesel prices, on the other hand, will drop by up to P4.10 per liter, whereas kerosene will be cheaper by P3.70 per liter. 

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Last week, diesel and kerosene rolled back by P1 and P1.9 per liter, respectively. This week’s latest price update, however, follows up last week’s gasoline prices, which rose by P3.50 per liter. 

For reference, here are the price updates for Nov. 10-16 compared to the previous price adjustments: 

Product	Price adjustment (Nov. 10-16)	Price adjustment (Nov. 3-9)
Gasoline	Decrease of P16.80 per liter	Increase of P3.50 per liter
Diesel	Decrease of P4.10 per liter	Decrease of P1.00 per liter
Kerosene	Decrease of P3.70 per liter	Decrease of P1.90 per liter

According to the DOE and many global news outlets, the significant decrease in gasoline prices has to do with the easing of political tensions between the United States (US) and Iran - which slowed down shipping traffic in the Strait of Hormuz. For the unaware, the US has been fighting a military conflict with Iran since February 2026. 

The aforementioned is further exacerbated by military escalations in Yemen, which have reportedly disrupted shipping movements in the Bab al-Mandeb Strait. 

As with most DOE announcements, the said agency disclosed that it is continuously taking the necessary steps to strengthen the local supply of petroleum products. 

Also read:

Gasoline to see slight rollback while diesel prices climb this week

Major rollback for gasoline prices set this week

Gasoline prices climb anew

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