In line with the DOE’s estimate for fuel price movements last week, gas will see a minor hike while diesel rolls back. This will make diesel the cheaper fuel option once again in most regions, especially with the P10 government subsidy still in effect.
For May 12 to 18, 2026, gasoline prices will rise by P0.47 per liter, while diesel prices slide by P9.57 per liter. Kerosene will also go down with a rollback of P13.30 per liter.
While no oil players have published graphics indicating their own price adjustments for the week, multiple media outlets are reporting that Shell has released an advisory to its dealers directing them to apply price changes as set by the DOE.
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Although some observers have noted that diesel has begun dipping below P70 (with the P10 government subsidy applied) in some regions, gasoline has not shared the same downward trajectory. It has been speculated that the higher demand for gasoline could be affecting prices, especially as some motorists continue to keep their diesel vehicles off the road.
Eyes are on price movements for next week, with the United States’ dismissal of Iran’s peace proposal kicking up oil prices once again in the global market. Analysts will be closely watching the Mean of Platts Singapore, the benchmark for fuel pricing in the region, to gauge and estimate the movement of prices at the pump.
