MOTORISTS can expect another round of price reductions at the pumps next week. Based on the full week’s trading data from November 9 to 13, industry estimates point to a rollback of between ₱4.50 and ₱4.80 per liter for diesel, while gasoline is seen falling by ₱2.70 to ₱3.00 per liter.
An oil industry source noted that diplomatic developments have pushed global oil prices lower this week, though supply risks remain a factor in the market.
The source also cautioned that the outlook remains uncertain. Escalating attacks on energy facilities in Saudi Arabia and increased shipping disruptions in the Strait of Hormuz continue to introduce volatility to global oil markets, potentially tempering future downward trends. Prices remain sensitive to geopolitical tensions in key producing regions.
Fuel companies will announce the official adjustments on Monday, taking effect the following morning. This latest adjustment marks the 45th weekly price movement of the year. Despite recent steep drops — including this week’s cuts of ₱16.80 for gasoline and ₱4.10 for diesel — cumulative increases for 2026 remain substantial, with gasoline up a net ₱55.25 per liter and diesel rising ₱60.53 per liter since the start of the year.
metrosundaily
