Diesel prices may roll back over P10/liter; gasoline sees P1.50 cut

Retail prices of petroleum products are expected to roll back for the first time since the Middle East conflict broke out late February.

Citing results of the April 6 to 10, 2026 Mean of Platts Singapore (MOPS) trading and foreign exchange averages, an oil industry source said the estimated reductions in pump prices are as follows:

• Diesel  —  P8.80 to P10.80 per liter
• Gasoline  —  unchanged to P1.50 per liter

Fuel retailers announce official price adjustments every Monday and implemented the following day.

Effective Tuesday, April 7, oil firms hiked the prices of gasoline, diesel, and kerosene by P6.00 per liter, P19.80 per liter, and P9.10 per liter, respectively.

This was the 14th price movement for 2026 which resulted in a total net increase of P54.20 per liter for gasoline, P109.85 per liter for diesel, and P8.20 per liter for kerosene.

The anticipated reductions in pump prices came amid the two-week ceasefire agreed upon by the United States and Iran. — RSJ, GMA News