Fuel prices set for big rollback on June 23 (opens original article in a new tab)

Philippine fuel prices will drop on June 23 following global oil price declines, though prices remain higher than before the Middle East conflict.

• Fuel prices in the Philippines will decrease on June 23 with gasoline dropping P3.90 to P5.90 per liter, diesel P9.04 to P11.04 per liter, and kerosene P9.82 to P11.82 per liter.
• Global oil prices eased due to optimism over Middle East conflict resolution, leading to the price rollback despite still being higher than pre-conflict levels.
• The Department of Energy reported 44 days of gasoline and 40 days of diesel supply, with warnings that geopolitical tensions could still affect prices.