Effective Tuesday, August 11, 2026, diesel went down ₱4.30 per liter, gasoline went down ₱4.70 and kerosene went down ₱4.90, 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 ₱4.30 to ₱5.00, gasoline rollback of ₱4.70 to ₱5.00, kerosene rollback of ₱4.88 to ₱4.90 per liter. The figures above fall within it.
Why prices moved: Dubai crude fell about $1.10 a barrel. International gasoline fell about $10.80 a barrel, diesel fell about $10.20 and kerosene fell about $10.20. The peso strengthened from ₱61.53 to ₱60.91 per US dollar, which makes imported fuel cheaper. (Trading week of August 3 to 7, 2026; figures from the Department of Energy's Oil Monitor.)
The week before (August 4, 2026), diesel went down ₱0.60 per liter, gasoline went down ₱0.73 and kerosene went down ₱2.09. By August 11, 2026, gasoline had come down 2 weeks in a row, diesel had come down 2 weeks in a row and kerosene had come down 2 weeks in a row. From January 1 to this week, the Department of Energy counted 32 price adjustments, leaving gasoline up a net ₱51.32, diesel up a net ₱52.85 and kerosene up a net ₱45.64 per liter. For a 40-liter gasoline fill-up, that meant ₱188.00 less; for a 60-liter diesel tank, ₱258.00 less.
Previous week: August 4, 2026. Next week: August 18, 2026. For this week's prices, see the latest oil price update.
