Fuel Price Updates: Diesel and Kerosene Rollbacks vs Gasoline Hikes in 2024

Major Fuel Price Adjustments Announced: Diesel and Kerosene Rollbacks, Gasoline Hike

Major oil companies in the Philippines have announced significant price adjustments for diesel, kerosene, and gasoline, set to take effect on Tuesday, April 28, 2026. The adjustments reflect a mixed trend in fuel pricing, with diesel and kerosene prices decreasing while gasoline prices are expected to rise.

Details of the Price Adjustments

According to advisories issued by Pilipinas Shell, Seaoil, Petrogazz, Caltex, and Cleanfuel, diesel prices will see a rollback of ₱2.90 per liter, while kerosene prices will decrease by ₱3.20 per liter. These reductions mark a notable shift after weeks of price increases for these fuel types.

In contrast, gasoline prices are set to increase by ₱1.20 per liter. This marks the third consecutive week of price hikes for gasoline, following a trend of rising costs that has persisted since early April 2026.

Context Behind the Price Changes

The price adjustments come amid fluctuating global oil markets, influenced by geopolitical tensions, supply chain disruptions, and shifts in demand. The Department of Energy (DOE) has been closely monitoring these developments, with Energy Undersecretary Sharon Garin emphasizing the need for transparency and stability in fuel pricing.

The rollback in diesel and kerosene prices is expected to provide relief to consumers, particularly in sectors reliant on these fuels, such as transportation and agriculture. Diesel, in particular, has seen a series of price reductions in recent weeks, with this latest adjustment marking the third consecutive week of double-digit rollbacks.

However, the simultaneous increase in gasoline prices may offset some of the benefits for motorists. Industry analysts suggest that the divergence in pricing trends between gasoline and diesel reflects differing supply and demand dynamics in the global oil market.

Industry and Consumer Impact

The price adjustments are expected to have a mixed impact on consumers and businesses. For diesel-dependent industries, such as logistics and public transportation, the rollback could lead to reduced operational costs. Kerosene, which is widely used for household cooking and lighting in rural areas, will also become more affordable.

the rise in gasoline prices may increase costs for private vehicle owners and ride-hailing services. The increase could also contribute to broader inflationary pressures, particularly in sectors where fuel costs are a significant component of overall expenses.

The Department of Energy has urged oil companies to ensure that price adjustments are passed on fairly to consumers. In a statement, the DOE reiterated its commitment to monitoring fuel prices and preventing unjustified price movements.

Recent Trends in Fuel Pricing

The latest adjustments follow a period of volatility in fuel prices. Earlier in April 2026, gasoline prices saw a series of increases, while diesel and kerosene experienced alternating periods of hikes and rollbacks. The current trend of decreasing diesel and kerosene prices contrasts with the steady rise in gasoline costs, reflecting the complex factors influencing global oil markets.

According to data from the U.S. Energy Information Administration (EIA), global oil prices have been influenced by a combination of factors, including production cuts by major oil-producing nations, geopolitical uncertainties, and shifts in consumer demand. These dynamics have contributed to the divergent pricing trends observed in the Philippines.

What Comes Next?

Industry experts anticipate that fuel prices will continue to fluctuate in the coming weeks, depending on developments in the global oil market. The DOE has indicated that it will maintain its vigilance in monitoring price movements and ensuring compliance with pricing regulations.

For consumers, the latest adjustments underscore the importance of staying informed about fuel price trends. The DOE has encouraged the public to report any instances of overpricing or unfair practices to its consumer protection hotlines.

As the situation evolves, further adjustments in fuel prices are expected, with the next round of price changes likely to be announced in the first week of May 2026.

Conclusion

The latest fuel price adjustments in the Philippines reflect the ongoing volatility in global oil markets. While the rollback in diesel and kerosene prices offers relief to consumers, the increase in gasoline prices highlights the challenges faced by motorists and businesses. As the DOE continues to monitor the situation, stakeholders are advised to stay updated on price movements and their potential impact on costs.