Major rollback in petroleum product prices expected this week

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The Department of Energy is anticipating a significant rollback in petroleum product prices this week, following developments between the United States and Iran.
According to the Department of Energy, diesel prices are expected to be reduced by approximately ₱8 to ₱10 per liter.
Gasoline prices, meanwhile, are expected to drop by ₱4 to ₱5 per liter, while kerosene is expected to see a rollback of ₱9 to ₱11 per liter.
The Department of Energy is expected to announce the final oil price adjustment later, which will take effect tomorrow, Tuesday, June 23.

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Date posted: June 22, 2026 1:30 PM

 

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