Fuel prices expected to decline slightly this week

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.

MANILA, Philippines — The Department of Energy has issued estimates for petroleum product price changes effective Tuesday, April 27, 2026, in the National Capital Region.

Agency monitoring shows diesel prices could drop by P8 to P10 per liter, gasoline by about P0.40 per liter or increase up to P1 per liter, and kerosene by P11 per liter. These adjustments reflect volatility in global oil markets driven by the Middle East conflict.

Separately, Shell announced a temporary P5-per-liter discount on fuel purchases from April 24 to 30.

The Department of Energy stated that the changes fall under Executive Order 110, which allows the government to set minimum rollbacks and cap increases during the national energy emergency.

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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.

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.

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Fuel prices will increase again on Tuesday, May 5, with diesel rising by P2.66 per liter and gasoline by P2.21 per liter, Energy Secretary Sharon Garin said. Kerosene prices will decline by P3.53 per liter.

Fuel prices in the Philippines will see another round of rollbacks on Tuesday, April 21, led by Shell Pilipinas with cuts deeper than initial estimates. The changes take effect at 6 a.m. as Middle East conflict pressures ease.

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The National Petroleum Company reported minor fuel price changes on Wednesday that take effect Thursday, May 7. 93-octane gasoline rises 0.1 pesos per liter and diesel falls 47.3 pesos, while kerosene stays the same.

Kenya's government has spent more than Ksh 11 billion in two months to keep diesel and kerosene prices steady. The move has raised questions because kerosene makes up less than 1 per cent of national fuel use.

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Chile's National Petroleum Company (Enap) released its weekly price report, showing rises in gasoline and diesel prices from Thursday, April 16. 93-octane gasoline will increase by $20.2 per liter and 97-octane by $22.3, while diesel rises $36.4. The Mepco mechanism cushioned the hike, according to the undersecretary of Finance.

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