Motorists could be heading into the new week with some welcome relief at the pump, as fuel prices are expected to register modest rollbacks, following softer movements in the global oil market.
The Department of Energy, through its Oil Industry Management Bureau, said indications based on the three-day Mean of Platts Singapore trading point to downward adjustments across major petroleum products.
Gasoline prices are projected to decline by about P0.50 per liter, while diesel may go down by roughly P0.15 per liter. Kerosene, commonly used by households and small businesses, could see a rollback of around P0.20 per liter.
DOE-OIMB assistant director Rodela Romero clarified that these estimates are purely indicative and do not yet factor in the operating costs and additional premiums charged by oil companies. Final pump prices will still depend on each company’s internal pricing strategy.
The expected rollback reflects a combination of easing geopolitical tensions, growing expectations of a global oil oversupply, and weaker demand forecasts—particularly from major consumers such as China. Market sentiment has also been shaped by OPEC+ production policies and shifting supply-demand balances, which have helped temper recent price pressures.
Oil companies are set to announce their official price adjustments on Monday, with any changes taking effect the following day. For now, motorists and households alike are watching closely, hoping the anticipated reductions translate into tangible savings at the pump.