Fuel price relief this week is shaping up as uneven. Diesel and kerosene are headed for rollbacks on Tuesday, May 12, while gasoline is still expected to rise.
Energy security has meanwhile moved into the region’s policy agenda, with the Philippines, having declared a national emergency, as chair. At the ASEAN Summit in Cebu, leaders discussed fuel supply risks and coordinated energy measures. This is while the Iran war and potential Strait of Hormuz disruptions influence fuel flows across Asia.
Here are the reported benchmark prices and range for May 11.