Fuel prices are expected to decline again this week, though at a smaller scale, as global oil markets remain volatile due to the Middle East conflict ahead of the Tuesday, April 27 pricing adjustment.
Initial estimates from the Department of Energy’s trading monitor showed diesel prices could fall by about P8 to P10 per liter and gasoline by around P0.40/L or even increase b up to P1/L. Kerosene is expected to decrease by P11/L.
Shell also rolled out a temporary P5-per-liter discount on fuel purchases from April 24 to 30, separate from the weekly price adjustment.
The Department of Energy said the adjustments continue to fall under Executive Order 110, which allows the government to set minimum rollbacks and cap increases during the national energy emergency.
Here are the benchmark estimates for Monday, April 27: