Prevailing pump prices in Metro Manila are expected to ease to around P68.97 to P99.17 per liter for gasoline, depending on the grade, while diesel prices could range from P79.29 to P98.20 per liter.
GASOLINE prices may drop slightly next week, while diesel and kerosene are expected to see minimal movement, according to the Department of Energy.
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Motorists will have a slight break in terms of fuel prices this week as oil companies are set to trim pump prices, marking the first rollback after weeks of hefty increases.
Energy Secretary Sharon S. Garin said on Monday that motorists can expect minimum fuel price rollbacks of P0.73 per liter for all gasoline grades, P0.60 per liter for diesel and diesel plus, and P2.09 per liter for kerosene this week.
Every rollback matters
“I know that many of you are still feeling the weight of the past week's increases, but every rollback matters. It means a little more room in the family budget, a little less pressure on our drivers, farmers and small businesses who move this economy every single day,” Garin said.
“This also shows the fact that the Middle East conflict is still volatile, and we still have to brace ourselves and be prudent in our spending as far as fuel is concerned,” she added.
If fully implemented, prevailing pump prices in Metro Manila are expected to ease to around P68.97 to P99.17 per liter for gasoline, depending on the grade, while diesel prices could range from P79.29 to P98.20 per liter.
Diesel Plus is projected to retail between P90.70 and P103.90 per liter, while kerosene prices could settle at P102.91 to P136.01 per liter, based on the Department of Energy’s latest prevailing retail price monitoring.
Heightened geopolitical tensions
The modest rollback comes after last week’s steep fuel price hikes, in which oil companies raised gasoline by P6.80 per liter, diesel by P7.32 per liter, and kerosene by P4.22 per liter, driven by heightened geopolitical tensions that pushed global oil prices higher.
Despite the reduction, pump prices remain elevated compared with levels before the recent surge, meaning transport and logistics costs are likely to stay under pressure.
