MANILA, Philippines — April 10, 2026. Good news for Filipino motorists! After weeks of relentless price hikes that pushed diesel to nearly ₱170 per liter, a rare rollback is finally on the horizon.
How Much Will Prices Drop?
Industry sources indicate that fuel prices are expected to decrease significantly next week following the announcement of a two-week ceasefire in the US-Israel and Iran conflict.
- Diesel: P2.50 to P6.50 decrease per liter
- Gasoline: Unchanged or down by P1 per liter
Note: This would be the first rollback in over three months, since December 30, 2025. Motorists have been facing double-digit increases for five consecutive weeks.
Why Are Prices Dropping?
The upcoming price reduction comes after global oil markets eased following the start of a two-week ceasefire between the United States and Iran. The temporary truce has signaled a reversal after weeks of conflict-driven price spikes.
- Global oil prices fell in the first 3 days of trading after the US-Iran ceasefire
- Middle East tensions showed signs of easing
- Market stability returning after prolonged volatility
Recent Price History
To understand the impact of this rollback, here's a quick look at recent price increases:
- April 7, 2026: Diesel +P19.80/liter, Gasoline +P5.90/liter
- March 2026: Multiple consecutive weekly increases
- Diesel peak: Nearly ₱170 per liter
What Motorists Should Know
- When: Rollback expected to take effect next week
- Where: All participating oil companies (Shell, Petron, Caltex, Seaoil)
- How much: Final amounts may vary based on market conditions
Looking Ahead
While this rollback provides temporary relief, experts warn that the situation remains volatile. The two-week ceasefire is temporary, and future price movements will depend on geopolitical developments in the Middle East.
Stay tuned to TrendWire for more fuel price updates! 👇
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