Effective Tuesday, August 4, 2026, diesel went down ₱0.60 per liter, gasoline went down ₱0.73 and kerosene went down ₱2.09, as announced by the oil companies.
The Department of Energy reported the range across all oil companies in its weekly Oil Monitor: diesel rollback of ₱0.60, gasoline rollback of ₱0.70 to ₱0.80, kerosene rollback of ₱2.09 to ₱2.10 per liter. The figures above fall within it.
Why prices moved: Dubai crude fell about $7.00 a barrel. International gasoline fell about $3.10 a barrel, diesel fell about $1.50 and kerosene fell about $4.00. The peso strengthened from ₱61.75 to ₱61.53 per US dollar, which makes imported fuel cheaper. (Trading week of July 27 to 31, 2026; figures from the Department of Energy's Oil Monitor.)
The week before (July 28, 2026), diesel went up ₱7.30 per liter, gasoline went up ₱6.80 and kerosene went up ₱4.20. From January 1 to this week, the Department of Energy counted 31 price adjustments, leaving gasoline up a net ₱56.02, diesel up a net ₱57.15 and kerosene up a net ₱50.52 per liter. For a 40-liter gasoline fill-up, that meant ₱29.20 less; for a 60-liter diesel tank, ₱36.00 less.
Previous week: July 28, 2026. Next week: August 11, 2026. For this week's prices, see the latest oil price update.
