Updated industry estimates project even larger diesel cuts of P24 to P26 per liter and gasoline P2.50 to P3.50 per liter starting April 21, up from earlier P17-P19 projections, as the global oil war premium continues to unwind—extending relief from the April 14 rollbacks amid the 2026 fuel crisis.
MANILA, Philippines — Forecasts for this week's fuel price rollbacks have widened significantly, with diesel now expected to drop by P24 to P26 per liter and gasoline by P2.50 to P3.50 per liter, effective Tuesday, April 21.
The revisions, based on full-week trading data as of April 18, reflect further easing of the war premium in global oil prices tied to stabilizing Middle East tensions. This marks an increase from initial projections earlier in the week of P17 to P19 per liter for diesel.
Retailers are set to announce final figures on Monday, April 20—the second straight week of major cuts following April 14 reductions that brought Metro Manila diesel to around P147 per liter and gasoline to P116.
Prices, while falling, remain elevated above pre-crisis levels as part of the broader 2026 Philippine fuel price swings documented in ongoing coverage.
