Filipino motorists are set to benefit from a decrease in fuel prices starting September 1, 2026. Local oil firms are expected to lower diesel prices by as much as P4 per liter.
Significant Cuts in Diesel and Gasoline Prices
According to Leo Bellas from Jetti Petroleum, diesel prices may drop between P3.50 and P4 per liter, while gasoline prices could see reductions of 25 to 75 centavos.
Prices declined this week as threatened US sanctions fell short of the market’s expectations, reducing the oil market’s anxiety and easing immediate supply concerns.
Leo Bellas, Jetti Petroleum
Bellas based these projections on early trading results from the Mean of Platts Singapore (MOPS) and fluctuations in foreign exchange rates. MOPS serves as a pricing benchmark for refined oil products in the region.
- Diesel price cut: P3.50 to P4 per liter
- Gasoline price cut: 25 to 75 centavos
The anticipated price adjustments highlight a broader trend of fluctuating fuel costs influenced by international market dynamics. While this decrease may provide relief, ongoing volatility in oil prices remains a concern for consumers and businesses alike.