Developments in the Middle Ease conflict, including the announcement of a ceasefire and commencement of negotiations, have once again influenced the price of fuel—this time triggering a plunge in price for the first time since the conflict began.
For April 14 to 20, gasoline prices will decrease by at least P4.43 per liter. Diesel prices will roll back by at least P20.89 per liter. Kerosene prices will also be cut by at least P8.50 per liter.
President Ferdinand Marcos Jr. and Department of Energy secretary Sharon Garin themselves shared these figures on their respective social media pages. Garin specified that these numbers represent the minimum amount that prices at the pump should move. No fuel players have made announcements with concrete figures for their specific franchises over the weekend.
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These rollbacks will provide much-needed relief for all industries that make use of fuel. Many Filipinos also remain hopeful for a tax suspension to help further alleviate the impact of the price hikes—President Marcos was given the power to reduce or suspend fuel taxes around the end of March—but nothing of the sort has materialized so far. Fuel prices generally remain at nearly double their price prior to the Middle East conflict.
Mobility in the Philippines has experienced a noticeable shift over the past month with an increased interest in electrified options, both public and private. The 2026 Manila International Auto Show this past weekend also experienced high attendance numbers as Filipinos consider their options in the electrified market.
