The Department of Energy announced a major fuel price rollback, with diesel and kerosene dropping by nearly P13 and P15.71 per liter, respectively, while gasoline will see a slight increase.
The adjustment marks the third consecutive week of price cuts for diesel and kerosene following earlier spikes caused by global supply disruptions.
Energy Secretary Sharon Garin said the government is maintaining stable fuel supply through buffer stocks and a renewed waiver allowing imports of Russian oil.
Deliveries of diesel reserves and incoming LPG shipments are expected to boost inventory levels, which currently stand at over 50 days of supply.
However, authorities reported that some fuel stations have temporarily closed due to shortages, prompting monitoring efforts by the Philippine National Police to prevent hoarding and profiteering.
Officials assured continued oversight to protect consumers and ensure fair fuel distribution.
Source: PhilNews24 | April 28, 2026
