Pump prices are finally heading down. Oil firms are rolling back fuel prices starting 6 a.m. on Tuesday, September 1, with diesel and kerosene dropping by nearly P3.85 per liter, according to Philstar. It is the first relief after two consecutive weeks of increases.
The rollback, per liter
Two firms have announced so far, and both led with deep cuts on diesel and kerosene while trimming gasoline only slightly. Seaoil and Shell both confirmed their advisories before the weekend, per Inquirer.
| Fuel | Seaoil | Shell |
|---|---|---|
| Gasoline | down P0.32 | down P0.30 |
| Diesel | down P3.83 | down P3.80 |
| Kerosene | down P3.84 | down P3.80 |
How much you save on a full tank
The math tilts heavily toward diesel and kerosene users. On a typical 55-liter diesel tank, the P3.83 cut saves about P210. A 45-liter gasoline tank, by contrast, only saves around P14 because the gasoline rollback is a fraction of a peso.
- 55 L diesel: saves about P210
- 45 L gasoline: saves about P14
- Kerosene buyers get the biggest single-liter cut at P3.84
Still up for the year
Even after this rollback, pump prices remain well above where 2026 began. Year-to-date net adjustments as of August 31 stand at a net increase of P54.92 per liter for gasoline, P59.06 for diesel, and P51.65 for kerosene.
What comes next
Other oil firms are expected to follow with matching announcements before Tuesday. We flagged the forecast for this rollback last week, and the August 18 hike that the country has been recovering from.
