APRIL 27, 2026 — Diesel and kerosene prices are set for another big-time rollback this week, with diesel dropping by at least ₱12.94 per liter and kerosene by ₱15.71, while gasoline will see a slight ₱0.53 increase. This marks the third consecutive week of relief for motorists after months of painful hikes triggered by Middle East tensions.

The numbers that matter

• Diesel: Minimum rollback of ₱12.94 per liter, bringing pump prices to around ₱75.93–₱101.96 depending on location
• Kerosene: Cut of ₱15.71 per liter, with prices now ranging ₱125.39–₱147.98
• Gasoline: Slight increase of ₱0.53 per liter after two weeks of rollbacks
• Supply outlook: The Philippines has about 54 days of fuel supply across categories, with diesel shipments from Japan and Subic adding a five-day buffer.

For many Filipinos, diesel is the lifeblood of transport. Jeepneys, buses, and delivery trucks all run on it, so every peso shaved off directly eases commuting costs and food prices. Kerosene, meanwhile, is essential for households in rural areas that still rely on it for cooking and lighting. 

These rollbacks, totaling ₱58.77 per liter over three weeks, are slowly pulling prices closer to pre-war levels, when diesel was around ₱55 per liter in NCR.

But let’s not forget the gasoline hike. While modest, it reminds us that global oil markets remain volatile. The ceasefire in the Middle East may have softened crude prices, but uncertainty over the Strait of Hormuz and ongoing US–Iran tensions keep traders on edge.

The Department of Energy insists these rollbacks are minimum mandated cuts — oil firms can slash prices further but not less. This policy, born out of the national energy emergency declaration, shows the government's hand in stabilizing costs even in a deregulated industry. For now, the arrival of new diesel shipments signals preparedness, but the question is how long this relief can last if geopolitical risks flare up again.

With commuters, drivers, and households finally breathing a little easier, the real test is whether this streak of rollbacks can hold. Will we see lasting relief at the pumps, or is this just a temporary break in the storm?

(Image: Philippine News Agency)