Diesel, kerosene prices drop; gasoline rises on April 28

Oil firms will implement fuel price adjustments on Tuesday, April 28, 2026, with diesel and kerosene posting rollbacks while gasoline edges higher. The Department of Energy reported a minimum diesel rollback of P12.94 per liter, kerosene by P15.71 per liter, and a gasoline increase of P0.53 per liter.

MANILA, Philippines — Oil firms will implement price adjustments effective 6 a.m. on Tuesday, April 28, 2026. This marks the third consecutive week of changes following rollbacks that began on April 14, after sustained increases since late February driven by Middle East tensions.

The Department of Energy said the minimum rollback for diesel is P12.94 per liter, while kerosene will decrease by P15.71 per liter. Gasoline prices are set to increase by P0.53 per liter.

Companies including UniOil, Shell, and SeaOil announced: gasoline +P0.53/L, diesel -P12.94/L, and kerosene -P15.71/L for Shell. Estimates are based on DOE NCR prevailing retail prices for April 21-27, 2026.

These shifts come as Middle East conflicts have persisted since March, according to reports.

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Image of a gas station in the Philippines illustrating rising fuel prices amid Middle East tensions.
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Fuel prices rise in Philippines as Middle East tensions persist

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Oil companies raised gasoline and diesel prices on May 19 while lowering kerosene rates, citing renewed geopolitical risks in the Middle East. The Department of Energy set maximum adjustments to stabilize the market.

Diesel and kerosene prices may decrease by more than P11 per liter today, the Department of Energy said, though some oil companies chose smaller cuts.

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Oil companies in the Philippines began implementing steep fuel price cuts on Tuesday, June 2, with diesel falling by P9.26 per liter. The Department of Energy set the reductions for the week of June 2 to 8.

The Department of Energy welcomed progress in US-Iran peace talks but cautioned that restoring domestic fuel prices to pre-crisis levels could require six to 12 months. Officials emphasized that the situation now involves broader economic effects beyond oil supply.

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