Another round of fuel price rollbacks is expected next week, with diesel set to see the steeper cut amid continued softness in global oil markets.
Trade data tracked through the Mean of Platts Singapore (MOPS) over the past four days points to reductions of P17.00 to P19.00 per liter for diesel and P2.00 to P3.00 per liter for gasoline, according to an oil industry source monitoring exchange rates and Singapore benchmark prices.
MOPS serves as the regional pricing reference for refined petroleum products traded across Asia, reflecting daily average assessments of commodities such as gasoline and diesel.
The Department of Energy had signaled as early as Wednesday that further rollbacks were likely, noting that international oil prices have largely discounted the threat by US President Donald Trump to blockade the Strait of Hormuz following the collapse of negotiations with Tehran over the ongoing conflict.
Fuel companies release official price adjustments every Monday, with changes taking effect the following Tuesday.
The most recent adjustment, which took effect April 14, saw gasoline prices cut by P4.00 to P6.50 per liter. Diesel and kerosene prices were slashed more sharply — by P20.00 to P23.00 per liter and P8.50 to P11.50 per liter, respectively.
That adjustment marked the 15th price movement of 2025. Despite the recent rollbacks, cumulative net increases for the year still stand at P50.20 per liter for gasoline, P89.85 per liter for diesel, and P78.70 per liter for kerosene.
