Big-Time Fuel Price Rollback Set Starting Tuesday, November 10
FUEL PRICE UPDATE – The Department of Energy (DOE) announced a big-time oil price rollback starting November 10, 2026 (Tuesday), with gasoline prices going down by P16.80 per liter.
Motorists and commuters across the country are finally getting some relief at the pump after weeks of mixed price adjustments, according to the figures the Energy Department released during its press conference on Monday, November 9.
Based on the DOE’s permitted adjustments for November 10 to 16, the following rollbacks will be implemented:
- Gasoline (RON 97, RON 95, RON 91) – P16.80 per liter
- Diesel and Diesel Plus – P4.10 per liter
- Kerosene – P3.70 per liter
The new prices are expected to stay in effect until Monday, November 16, Philstar.com reported. The DOE has yet to clarify whether oil companies will implement the reductions in full on Tuesday or in staggered tranches.
The big cut comes just a week after gasoline prices went up by as much as P3.50 per liter, while diesel and kerosene went down by P1 and P1.90 per liter, respectively.
World oil prices reportedly fell last week after the Democratic Party’s gains in the United States midterm elections, which raised hopes that tensions involving the U.S. and Iran may ease, ABS-CBN News said. A possible de-escalation could allow more oil from the Middle East to reach global markets.
Even with the rollback, local pump prices remain much higher than before the conflict involving Iran and U.S.-Israeli forces broke out on February 28. In the last full week before the fighting, common Metro Manila prices were at P56 per liter for RON 95 gasoline, P54.70 for RON 91, and P55 for diesel.
The DOE also reported that as of November 5, 2026, around P1.24 billion in fuel subsidy had been availed by 110,211 PUV beneficiaries through 4,046 gasoline stations.
This is a developing report, just visit this website regularly or refresh the page for further updates.
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