For the second straight week following a series of hikes, fuel companies rolled back pump prices—bringing diesel back to double-digit territory in some areas.

In an advisory on Monday, fuel companies confirmed that said diesel will post the biggest reduction at P 24.94 per liter, pulling pump prices down to an estimated range of P 80.06 to P 111.76 per liter in Metro Manila starting tomorrow morning. It will bring the prevailing price to around P 98.46 per liter, marking a return to below the P 100 level in some stations. 

Gasoline prices will also be reduced by P 3.41 per liter. After the rollback, gasoline is projected to range from approximately P 72.59 to P 104.49 per liter, depending on the grade and station.

Prevailing prices are expected to settle between P 82.69 and P 94.69 per liter, indicating a modest decline but still within a relatively high band.

Kerosene, meanwhile, will see a smaller rollback of P 2.00 per liter. Despite the adjustment, it remains the most expensive among the three products, with prices expected to range from P147.35 to P163.69 per liter. The prevailing price is projected at around P 152.60 per liter, suggesting continued cost pressures for households and small businesses.

As of 17 April, Department of Energy (DOE) data showed that the country has an overall inventory equivalent to 52.02 days of demand.

The DOE’s Oil Industry Management Bureau said gasoline stocks remain healthy at 54.47 days, while diesel, critical for transport and industry, stands at 50.13 days, both above the country’s minimum inventory requirement.

Other petroleum products show even stronger supply buffers. Kerosene leads with 129.93 days of supply, followed by fuel oil at 78.87 days and jet fuel at 60.69 days, indicating ample reserves for aviation and power generation needs. 

Meanwhile, liquefied petroleum gas, commonly used in households, is at 40.26 days, the lowest among listed products, but still within a manageable range.