Diesel prices drop by nearly ₱9 per liter on June 23 as fuel rollback takes effect

Gasoline also declines by almost ₱4 per liter, while kerosene posts a larger decrease in latest adjustment cycle.

Fuel prices are set to move lower again starting 6 AM on Tuesday, June 23, with all petroleum products expected to post significant rollbacks.

Based on the Department of Energy’s computation, diesel is seen to go down by ₱9.04 per liter. Gasoline is projected to decline by ₱3.90 per liter, while kerosene may drop by ₱9.82 to ₱11.82 per liter.

After the adjustment takes effect, diesel is expected to average around ₱77.64 per liter, while gasoline will average around ₱85.03 per liter.

Advisories released by Shell Pilipinas Corp., Petro Gazz, Seaoil Philippines Inc., and Unioil indicate a ₱9.04 per liter rollback for diesel and a ₱3.90 per liter decrease for gasoline effective June 23. Kerosene prices are also set to decline by between ₱9.82 and ₱11.00 per liter, depending on the company.

The latest round of rollbacks marks another broad-based easing in pump prices across all fuel products, following previous cycles of mixed movements in recent weeks.