Motorists may finally breathe a little easier next week.
A major rollback for diesel and kerosene is expected, along with a slight drop — or at least stability — in gasoline prices, according to the Department of Energy’s Oil Industry Management Bureau (DOE-OIMB).
Expected Fuel Price Adjustments
DOE-OIMB assistant director Rodela Romero shared the estimated movements based on the past four days of trading in the Mean of Platts Singapore (MOPS):
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Gasoline: ▼ around ₱0.40 per liter
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Diesel: ▼ around ₱3.00 per liter
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Kerosene: ▼ around ₱3.00 per liter
These estimates may still change depending on Friday’s final MOPS trading figures. Oil companies will also include operating costs and other premiums before releasing their official prices.
Why Prices Are Falling
Several global factors are influencing next week’s expected rollback:
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Possible Ukraine–Russia ceasefire, which could ease Western sanctions on Russian oil
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Growing concerns about oversupply in the global oil market
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Market correction, as crude oil prices soften following renewed diplomatic efforts
Romero emphasized that the final numbers will be clearer after the week’s last trading session.
Jetti Petroleum’s Own Estimates
Jetti Petroleum offered a slightly different projection:
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Diesel: ▼ ₱3.00 to ₱3.20
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Gasoline: ₱0.00 to ₱0.10 (steady to slightly up)
The company explained:
“The significant drop in diesel prices is mainly due to market correction as crude eased on hopes of a US-brokered ceasefire in Ukraine.”
They added that while Asian gasoline prices have gone down slightly, premium and freight costs remain high due to tight supply and demand across the region.
Official Price Changes Out Every Monday
As always, oil companies will announce the official fuel price adjustments on Monday, to be implemented the following day.
For now, drivers can look forward to some relief — especially diesel users — after weeks of unpredictable pump prices.
