Gasoline prices up; diesel, kerosene down on Tuesday, May 12, 2026

Fuel retailers on Monday announced mixed movements on pump prices of petroleum products, marking the third straight week of increase for gasoline.

In separate advisories, Petron Corp., Seaoil Philippines Corp. and Shell Pilipinas Corp. said they will hike prices per liter of gasoline by P0.47, while rolling back those of diesel by P9.57, and kerosene by P13.30.

PTT Philippines Corp., and Unioil Petroleum Philippines Inc. will implement the same changes, excluding kerosene which they do not carry.

The adjustments will take effect at 6 a.m. on Tuesday, May 12, for all the firms.

Other companies have yet to make similar announcements for the week.

Oil industry sources earlier projected increases of up to P4.00 per liter for gasoline, and rollbacks of up to P8.00 per liter for diesel this week, following the movement of global prices.

Firms last week hiked prices per liter of gasoline by P2.21 and diesel by P2.66, while rolling back those of kerosene by P3.53.

This brought year-to-date adjustments to a net increase of P46.44 per liter for gasoline, P51.82 per liter for diesel, and P54.46 per liter for kerosene as of May 5, 2026. —AOL/RSJ, GMA News