Metro Manila, Philippines – Motorists can expect significant relief at the pump starting Tuesday, April 14, as the Department of Energy projected diesel prices to drop by P20.89 per liter, gasoline by P4.43, and kerosene by P8.50.
Energy Secretary Sharon Garin said the projected rollback is based on the latest five-day average of international oil prices compared with the previous week, marking the first major price cut after successive increases driven by the Middle East crisis.
“Rollback na! These are the DOE estimates for the price rollback starting Tuesday… it’s based on the average of the last five days international prices and comparing that to the average of the previous week,” Garin said.
She clarified that the figures represent minimum expected adjustments and that actual pump prices may vary across fuel retailers.
The rollback follows weeks of sharp increases in fuel prices triggered by supply concerns linked to tensions in the Middle East, including disruptions around the Strait of Hormuz, a critical global oil chokepoint through which about a fifth of the world’s oil supply passes.
