Local motorists face mixed price adjustments at the pumps this week as gasoline and diesel prices move in opposite directions. According to Jetti Petroleum president Leo Bellas, gasoline prices could see a slight relief with a drop of up to P1.25 per liter, though there remains a chance of a minor increase of up to P0.75 per liter. Conversely, diesel consumers should prepare for a significant hike, with prices expected to jump between P2.50 and P4.50 per liter. No price outlook was provided for kerosene.
These adjustments reflect a full week of global trading, foreign exchange fluctuations, and local industry recovery. Bellas noted that diesel and middle distillate prices are climbing due to falling inventories and rising global demand. Meanwhile, Asian gasoline prices have dipped slightly as the market anticipates a boost in supply from China. Looking ahead, drivers should brace for continued market volatility, as renewed conflict in the Middle East revives fears of supply shortages and threatens shipping routes through the Strait of Hormuz.
This week’s mixed shift follows a period of general relief last week, when fuel companies lowered gasoline by up to P1.75 per liter and cut diesel by as much as P3.57 per liter. Kerosene prices also dropped by up to P3.70 per liter last week. According to the latest data from the Department of Energy for early July 2026, fuel prices in the National Capital Region average P69 per liter for RON 91 gasoline, P69.90 for diesel, and P98.50 for kerosene.
