New round of fuel rollbacks possible next week

MANILA, April 25 ------ Another round of significant fuel price cuts is expected for consumers next week, but the rollbacks may not be as substantial as those of the last two weeks.

Based on the first three trading days this week, prices of all petroleum products remain down compared to last week's, but the reduction is smaller than in previous weeks. So far, from April 20-22, 2026, prices have fallen by the following amounts:

Diesel - P10/L rollback

Gasoline - P1/L rollback

Kerosene - P10.90/L rollback

Two more trading days can still reduce the potential rollback. This does not yet include risk premium costs. The Department of Energy has a different formula, and because of the state of national energy emergency, the government has already announced that it will set the amount of price adjustments as long as the state of national energy emergency exists. For Jetti Petroleum President Leo Bellas, diesel will definitely post another rollback--still double-digit, but not as big as the last two weeks. Bellas sees either no reduction in gasoline prices or a slight rollback.

According to Bellas, the geopolitical tension in the Middle East, particularly the unresolved and volatile situation in Iran, will probably push prices up in the last 2 trading days. While the ceasefire was extended, Bellas said, the Strait of Hormuz remains closed, and Iran seized some vessels -- factors which can lead to higher fuel prices in the world market. After 5 hefty price spikes totalling almost P90/liter for diesel and nearly P36/liter for gasoline, fuel prices rolled back in the last two weeks. But the total reduction was only at almost P50/liter for diesel and almost P10/liter for gasoline.

Source: news.abs-cbn.com