How much have fuel prices dropped, soared amid the Middle East conflict?

After a series of consecutive fuel price surges triggered by the heightened tensions in the Middle East, consumers have had slight relief in the recent weeks due to hefty price rollbacks. 

On April 12, President Ferdinand "Bongbong" Marcos Jr. announced a big rollback in pump prices starting April 14, confirming an earlier statement by the Department of Energy (DOE).

The President, however, admitted that the oil price reductions would not be enough. 

After 13 consecutive weeks of increases for gasoline, and 15 straight weeks for both diesel and kerosene, oil companies implemented the following pump price rollbacks for the week of April 14, 2026:

• Diesel: - P20.00 to P23.00 per liter
• Gasoline: - P4.00 to P6.50 per liter
• Kerosene: - P8.50 to P11.50 per liter

A week after, oil companies announced that they will again slash the prices per liter of petroleum products for the week of April 21, 2026:

• Diesel: - P24.94 per liter
• Gasoline: - P3.41 per liter
• Kerosene: - P2.00 per liter

According to the DOE, from the week prior to the US-Israel attack against Iran (February 24 to March 2, 2026) until the fourth week of the crisis (March 24 to 30, 2026), pump prices in Metro Manila increased by high double-digits.

Based on data by GMA News Research, the following were the weekly price adjustments per liter since February 24, 2026:

As of April 21, 2026. GMA News Research

The bottom line

In summary, from the weeks of February 24 to April 7, the price increases per liter ranged between P84.9 and P102.85 for diesel; P32.90 and P50.00 for gasoline; and P60.75 and P82.2 for kerosene. 

Meanwhile, the rollbacks per liter from April 14 to April 21, ranged between P44.94 and P47.94 for diesel; P7.41 and P9.91 for gasoline; and P10.5 and P13.5 for kerosene. 

The bottom line, so far?

The net increases during this period have been from P39.96 to  P54.91 per liter for diesel; P25.49 to P40.09 for gasoline; and P50.25 to P68.70 for kerosene.

Energy Secretary Sharon Garin on Monday said oil companies are now mandated to comply with the minimum and maximum amounts the government would set regarding the adjustments in the price of petroleum products amid the state of national energy emergency. 

This policy was triggered following Marcos' signing of Executive Order 110 last month, which declared the state of national energy emergency and adopted a Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) for affected sectors. — VDV, GMA News