Manila — Motorists may see significant relief at the pumps next week as oil industry sources project a rollback of P8 to P10 per liter in diesel prices and around P3 to P5 per liter in gasoline.

Industry insiders attribute the expected price cuts to the sharp decline in global oil benchmarks, with Dubai crude and Mean of Platts Singapore (MOPS) showing downward trends in recent trading sessions. The drop comes after weeks of volatility driven by geopolitical tensions in the Middle East and fluctuating demand forecasts.

According to the Department of Energy (DOE), the rollback reflects adjustments in international market prices and foreign exchange rates. Diesel, which has seen steep increases in recent months, is expected to post its largest weekly reduction this year, offering temporary relief to public transport operators and logistics firms heavily dependent on fuel.

Transport groups welcomed the development, noting that lower diesel costs could ease the burden on jeepney and bus drivers who have struggled with rising expenses. However, they cautioned that the rollback may be short-lived if global oil prices rebound due to ongoing supply risks.

The DOE emphasized that pump prices remain subject to weekly adjustments based on global market movements. Since the start of 2026, fuel prices have experienced alternating hikes and rollbacks, reflecting the volatility of international crude trading.

Consumers are advised to monitor official advisories from oil companies, which are expected to announce the exact price reductions over the weekend, with implementation set for Tuesday, April 28.

This anticipated rollback underscores the sensitivity of Philippine fuel prices to global market shifts, highlighting both the challenges of energy dependence and the temporary relief that price drops can bring to households and businesses.