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Fuel prices are displayed at a gasoline station in Quezon City on April 7, following another round of fuel price hikes. Oil companies raised gasoline prices by as much as P5.90 per liter and diesel by up to P19.80 per liter, marking one of the largest increases in recent weeks. Maria Tan, ABS-CBN News

Article (news)

OIL PRICE HIKE

Alvin Elchico

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/177578479504820260410020428_046c7aeaf1f54461f6a06fccba607d85e8c5d40e73ad5278dbdcdeff1469eb60.jpg" style="width:960px" class="fr-fic fr-dib" width="960"/><span class="fr-inner" style="text-align:left">Fuel prices are displayed at a gasoline station in Quezon City on April 7, following another round of fuel price hikes. Oil companies raised gasoline prices by as much as P5.90 per liter and diesel by up to P19.80 per liter, marking one of the largest increases in recent weeks. Maria Tan, ABS-CBN News</span></span></span></div><p>MANILA — After weeks of soaring prices, oil prices are expected to fall next week.</p><p>Based on the first 4 days of trading in the world market, oil prices have fallen by the following amounts:</p><div><br/></div><p>• Diesel - P10.50/L decrease<br id="isPasted"/>• Gasoline - P3.50/L decrease<br/>• Kerosene - P5.30/L decrease</p><div><br/></div><p>The United States and Iran agreed to a two-week ceasefire on Tuesday.</p><div><a href="https://www.abs-cbn.com/news/business/2026/4/7/don-t-expect-oil-to-normalize-at-once-even-if-mideast-war-stops-today-ex-energy-chief-1823" rel="noopener noreferrer" target="_blank">Don&#x27;t expect oil to normalize at once even if Mideast war stops today—ex Energy chief</a></div><p>The Philippine energy department, however, said that Filipinos should not expect fuel prices to return to pre-war levels anytime soon, even if the ongoing conflict in major oil-producing regions were to stop today.</p><p>Energy Secretary Sharon Garin said global factors, including damaged oil infrastructure and rising delivery costs, will continue to keep pump prices elevated.</p><div><br/></div><div><strong>RELATED VIDEO</strong></div><div><strong><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/wTHU9UwVuh4?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span></strong><br/></div>

Diesel rollback may reach P10 per liter next week

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Diesel rollback may reach P10 per liter next week

Alvin Elchico,

ABS-CBN News

Published April 10, 2026 09:36 AM PHT

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Updated April 10, 2026 10:33 AM PHT

Read More:

oil prices

rollback

gasoline

kerosene

diesel

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