Philippine Diesel and Kerosene Prices to Drop for Third Week, Gasoline to Increase Slightly

Pump prices for diesel and kerosene in the Philippines are set to decrease for the third consecutive week, while gasoline prices will see a slight increase. 71 per liter for kerosene for the week of April 28 to May 4, 2026. 53 per liter during the same period.

77 per liter. Most public utility jeepneys and delivery trucks in the Philippines run on diesel.

Energy Secretary Sharon Garin stated on April 20, 2026, that the Philippines’ diesel supply was good for 52 days.

Energy Secretary Sharon Garin said on April 21, 2026, that the price rollbacks announced by the government are the prescribed minimum price reductions. Oil companies can implement price cuts higher than the minimum but not lower. Rappler reported these adjustments amid broader market shifts.

The US-Israel war on Iran began on February 28, 2026. Before the war, the common price of diesel in the National Capital Region was P55 per liter. 47 per liter.

The government has been prescribing price reductions based on the declaration of a state of national energy emergency. The Department of Energy stated in its April 21, 2026, oil monitor that crude prices softened as risk sentiment improved following a temporary ceasefire between Israel and Lebanon.

The Department also noted renewed optimism over the potential reopening of the Strait of Hormuz ahead of planned US-Iran talks.

The Department of Energy stated in the same monitor that the Asian diesel market remains supported but less tight as easing geopolitical risks temper sentiment. Limited volumes of South Korean cargoes have begun to re-emerge. However, the crude oil market is expected to remain highly volatile, supported by restricted tanker traffic through the Strait of Hormuz amid uncertainty over the duration and enforcement of the US blockade.