Oil Prices Expected to Rollback on Tuesday (January 6, 2026)
FUEL PRICE UPDATE – Oil prices are expected to roll back on first week of 2026, which will give a relief to Filipino motorists.
According to the Department of Energy, preliminary monitoring of oil trading in Singapore suggests the following estimated adjustments.
- Gasoline: down by around P0.50 per liter
- Diesel: down by around P0.15 per liter
- Kerosene: down by around P0.20 per liter
The projected prices do not yet include the operating costs and other premiums that oil companies add, so actual pump prices could shift slightly once those factors are applied.
The possible decrease comes amid a mix of forces affecting the oil market. Geopolitical concerns, such as the ongoing Russia-Ukraine situation and tensions in the Middle East, continue to push prices upward.
At the same time, an oversupply of oil globally, rising inventories in the United States, and weaker demand from major consumers like China are putting downward pressure on costs. Policies from OPEC+ countries, which aim to maintain market share rather than raise prices, also contribute to the current market balance.
The oil market remains unstable, responding quickly to changes in supply, demand, and global events. While some diesel prices may still rise slightly, gasoline could move up or down by small amounts.
Refinery outputs recovering after maintenance have helped ease regional fuel prices, but freight and premium costs, along with ongoing geopolitical risks, continue to influence overall pricing.
At the end of 2025, fuel prices had recorded the following net changes:
- Gasoline: up by P20.50 per liter
- Diesel: up by P20.85 per liter
- Kerosene: up by P5.55 per liter
Official adjustments to pump prices are announced by oil companies every Monday and take effect the following day.
This is a developing report, just visit this website regularly or refresh the page for further updates.
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