Philippines Implements Significant Diesel Price Cut Amid Global Oil Volatility

Apr 27, 2026

60 min

Apr 27, 2026 22:30

Philippines: Diesel slashed by ₱12.94/L as DOE moves to cushion Filipinos from global oil shock

## Major Diesel Price Reduction

The Philippine Department of Energy (DoE) has announced a significant reduction in diesel prices, effective April 28, 2026. This move comes as a response to ongoing global oil market instability, particularly due to tensions in the Middle East. Diesel prices will decrease by ₱12.94 per liter, with expected pump prices ranging from ₱75.93 to ₱101.96 per liter, depending on location.

## Kerosene and Gasoline Adjustments

In addition to diesel, kerosene prices will see an even larger reduction of ₱15.71 per liter, with new prices between ₱125.39 and ₱147.98. However, gasoline prices will experience a slight increase of ₱0.53 per liter.

## Ensuring Fuel Supply

To maintain a stable fuel supply, the DoE has coordinated with the Philippine National Oil Company (PNOC) to secure four diesel shipments totaling approximately 178 million liters. These shipments, arriving from Japan and other locations, provide a five-day buffer stock for the country.

## Government's Response to Global Tensions

Energy Secretary Sharon Garin emphasized the government's commitment to ensuring the Philippines remains prepared and adequately supplied amid ongoing Middle East conflicts. The price rollback aims to offer temporary relief to transport operators, businesses, and households affected by recent fuel price hikes.

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