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Inquirer.net

Philippine pump prices set to fall from August 4, with gasoline down 73 centavos per liter

AI Market Summary
The Philippine energy ministry announced retail fuel price cuts effective Aug 4 (gasoline -0.73 PHP/L, diesel -0.60, kerosene -2.09), citing softer international oil and stable local supply, while warning Middle East risks remain. The move is a localized pass-through of recent crude product price easing, offering modest demand support but limited global market signal given the small scale and country-specific pricing.
Impact level
● Low
Affected assets
NCCO1OILWTI2USD/USDT-2.83%
AI Insight · NCCO1OILWTI2USD/USDTAI Insight
● Neutral
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The Philippines’ Department of Energy said retail fuel prices will decline starting August 4, with gasoline down 73 centavos per liter and diesel down 60 centavos. Kerosene will also drop by P2.09 per liter. Energy Secretary Sharon Garin said the rollback reflects softer global oil prices and stable domestic supply, but warned uncertainty remains due to volatility in the Middle East conflict.
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