Oil companies will implement a significant rollback in diesel prices, reaching P12.94 per liter, starting Tuesday, April 28, 2026. Energy Secretary Sharon Garin announced that the new price adjustment will be effective from April 28 to May 4, 2026.
Diesel and Kerosene Prices Drop
Due to the rollback, diesel prices are expected to range between P75.93 and P101.96 per liter, depending on the location and brand of the gasoline station. Kerosene will see an even larger decrease of P15.71 per liter.
Gasoline Prices Increase
In contrast, gasoline prices will move in the opposite direction with an increase. For Research Octane Number (RON) 97, the price will rise by P0.53 per liter, bringing the expected retail price to between P79.79 and P104.93 per liter.
According to the Department of Energy (DOE), this marks the third consecutive week of diesel rollbacks, following changes in global supply after the ceasefire agreement between the U.S.-Israel and Iran. Since February 28, successive price hikes in petroleum products had been implemented due to the Middle East conflict affecting global oil supply.
