Another major fuel price rollback of up to P5/liter expected next week

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MANILA, Philippines — Motorists may see another significant reduction in fuel prices next week, with diesel expected to drop by as much as P5 per liter and gasoline by up to P4 per liter.
Based on preliminary estimates from oil industry sources, the projected price adjustments for November 17 are:

• Diesel: P4.00 to P5.00 per liter rollback
• Gasoline: P3.00 to P4.00 per liter rollback

The estimates are based on the first four days of trading in the Mean of Platts Singapore (MOPS), a regional benchmark for petroleum prices, along with foreign exchange movements.
Lower international oil prices have been linked to diplomatic developments that eased concerns over further escalation of tensions in the Middle East.
However, supply risks remain as attacks on Saudi Arabian energy infrastructure and shipping activity in the Strait of Hormuz continue to affect global oil markets.
The latest projections follow substantial fuel price reductions implemented from Nov. 10 to 16, when gasoline prices dropped by P16.80 per liter, diesel by P4.10 per liter, and kerosene by P3.70 per liter.
The Department of Energy (DOE) previously attributed the sharp decline to expectations of a possible diplomatic resolution to the US-Iran conflict, which helped reduce concerns over disruptions to global petroleum supplies.
Meanwhile, preliminary estimates also indicate that kerosene prices could decrease by approximately P6 per liter next week.
The projected adjustments are not yet final and may change depending on the remaining trading results and foreign exchange fluctuations.
Oil companies typically announce their official price adjustments every Monday, with implementation beginning the following Tuesday, November 17.

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Date posted: November 13, 2026 3:25 PM