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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Realistic photo of a Philippine gas station celebrating fuel price rollbacks to P23 per liter for diesel, with happy drivers amid jeepneys and price signs.
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Fuel prices roll back up to P23 per liter starting April 14 after weeks of Middle East-driven hikes

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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.

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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Oil firms in the Philippines announced another fuel price increase effective February 10, marking the fifth straight weekly rise for gasoline, while diesel and kerosene climb for a seventh week.

Oil companies implemented major fuel price hikes effective April 7, pushing diesel prices past P140 to P150 per liter in several areas. The increases stem from volatility in global crude markets reacting to Middle East conflict. These mark historic highs despite staggered adjustments.

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Fuel prices in Metro Manila remained unchanged at elevated levels over the Easter weekend, with diesel holding at P133.19 per liter—above the national average—as Filipinos returned from Holy Week holidays.

Fuel prices in Brazil rose for the second consecutive week, according to ANP data released on March 13, 2026. Diesel saw an 11.8% increase, while gasoline rose 2.5%, reflecting the impacts of the war in Iran on international oil prices.

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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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