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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Oil firms confirmed price rollbacks effective 6 a.m. Tuesday, April 14, matching Department of Energy projections: diesel down P20.89 to P23 per liter, gasoline P4.43 to P4.50, and kerosene P8.50. The cuts end surges of over P100 on diesel since late February's Middle East crisis. President Marcos suspended excise taxes on LPG and kerosene, while a jeepney subsidy launches.

Fuel prices in the Philippines are expected to decline again this week, though on a smaller scale, according to Department of Energy estimates. Diesel could fall by P8 to P10 per liter, gasoline by around P0.40 per liter or rise up to P1 per liter, and kerosene by P11 per liter.

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