Rare oil price cuts seen next weekAfter five rounds of double-digit hikes spurred by the Middle East crisis, diesel prices are estimated to drop by P2.50 to P3.50 per liter next week, an industry source told The STAR. MANILA, Philippines — A rollback in diesel prices may finally come next week, the first in over three months or since Dec. 30, 2025. After five rounds of double-digit hikes spurred by the Middle East crisis, diesel prices are estimated to drop by P2.50 to P3.50 per liter next week, an industry source told The STAR. With two trading days remaining, fuel prices could still rise or fall. Seized from them were an oil gas tanker which contained 500 liters of petroleum, containers, steel drums and a pressure hose.

Source: Philippine Star April 09, 2026 16:45 UTC