June begins with a major fuel price rollback, with the Department of Energy (DOE) releasing the price cuts ahead of their implementation.
For the week of June 2 to June 8, 2026, gasoline prices will go down by P4.76 per liter, while diesel prices will decrease by P9.26 per liter. Kerosene will also receive a rollback of P10.86 per liter.
These reductions effectively return gasoline and diesel prices to start-of-May levels. Major fuel rollbacks at the time, especially for diesel, came with ceasefires in the Middle East temporarily halting conflicts. Likewise, the rollbacks this week reflect optimism that a peace deal between the United States and Iran can be achieved soon.
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No oil players have released price advisories on their social media pages as of writing. However, as with last week’s hikes, it is expected that companies will directly follow the price adjustments mandated by the DOE.
The rollback was announced by Secretary Sharon Garin during a DOE press conference on June 1. The official claims that the Philippines is steadily approaching prewar pump prices—around P55 per liter for gas and diesel, depending on the gas station’s location.
