OIL PRICE WATCH as of May 4, 2026

MANILA, Philippines – Local oil prices are expected to increase again starting May 5, with diesel likely to hike between P0.40 and P0.70 per liter and gasoline by about P1.30 to P1.70 per liter. The projected adjustments follow movements in global oil markets during the past trading week. The anticipated hike comes after several weeks of mixed adjustments, where gasoline prices had increased while diesel and kerosene saw series of rollback. READ: Oil prices may stay high into 2027 amid Hormuz disruptions Below are the prevailing prices monitored and gathered by the INQUIRER team as of Monday, May 4, 2026.... Keep on reading: OIL PRICE WATCH as of May 4, 2026

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