Diesel prices are expected to go down next week, while gasoline prices may continue to increase due to tighter supply and sustained seasonal demand.
Based on Mean of Platts Singapore (MOPS) trading, gasoline may rise by ₱1 to ₱3 per liter, while diesel could drop by ₱7 to ₱9 per liter.
Industry sources said gasoline prices are being driven higher by supply constraints and increased demand, while diesel eased due to lower cargo premiums.
Global crude oil movements also influenced prices, following diplomatic developments involving the United States and Iran.
Final price adjustments will be announced by oil companies on May 11.
Source: PhilNews24 | May 10, 2026
DIESEL PRICES SEEN DROPPING NEXT WEEK, GASOLINE MAY RISE FURTHER
You might be interested in
Latest from Business
The World Bank has urged the Philippines to prioritize full implementation of the Extended Producer Responsibility
The government is seeking private sector support to develop three offshore wind terminals that could cost
Fast Retailing Co., Ltd., the parent company of UNIQLO, will donate JPY 30 million (approximately US$185,000)
The Philippines’ tuna catch rose by 14.6 percent to an estimated 230,347 metric tons in 2025,
Finance Secretary Frederick Go is pushing to reduce local digital bank transfer fees to as low