能源部对美伊和平谈判取得进展表示欢迎，但警告称国内燃料价格恢复至危机前水平可能需要6到12个月。官员们强调，目前的情况已涉及除石油供应外更广泛的经济影响。
能源部长Sharon Garin于6月15日向记者谈及重新评估国家能源紧急状态声明的必要性。她指出，目前的危机已扩展至通货膨胀及其对消费、农业和大宗商品的影响。
副部长Alessandro Sales表示，供应链的恢复并非即时可见。他补充说，该国约90%的燃料供应来自中东。
能源部宣布自6月16日起下调价格，其中柴油每升下调3.71至5.71比索，煤油每升下调0.50至2.50比索。汽油价格可能根据各公司的决定在小范围内波动。
总统Ferdinand Marcos Jr.于3月宣布进入能源紧急状态，此前受中东局势影响，石油价格急剧上涨。危机前的价格约为柴油每升55比索，汽油每升56比索。
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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 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.
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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.
Global oil prices dropped sharply on May 7, 2026, after US President Donald Trump said a deal with Iran was very possible, sparking optimism for lower pump prices in the Philippines.
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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.
A total of 425 out of 14,485 gas stations nationwide were temporarily closed as of March 27 due to the fuel crisis triggered by the Iran war, according to the Philippine National Police. The Cordillera Administrative Region recorded the highest number at 79, while President Ferdinand Marcos Jr. declared a national energy emergency.
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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.