Fuel prices confirmed from Tue, 11/10 — gasoline down by PHP 16.80

Fuel prices confirmed from Tue, 11/10 — gasoline down by PHP 16.80

📌 On Monday, November 9, the Philippine Department of Energy (DOE) announced that fuel prices will drop sharply starting Tuesday, November 10. Gasoline will go down by PHP 16.80 per liter, diesel by PHP 4.10, and kerosene by PHP 3.70. The new prices will remain in effect through Monday, November 16.

■ Confirmed Price Adjustments
· Gasoline: PHP 16.80 per liter rollback
· Diesel: PHP 4.10 per liter rollback
· Kerosene: PHP 3.70 per liter rollback
· Effective: Tuesday, November 10 through Monday, November 16. These are the figures announced by the DOE; reports differ in wording, describing them as a "minimum" (Daily Tribune) or a "maximum" (Manila Times).
· Announcements and effectivity times for individual oil companies have not been reported yet. The Daily Tribune reported that the actual rollback may differ from station to station, and Philstar reported that the DOE has not yet said whether the gasoline rollback will be applied all at once on Tuesday or in stages.

■ Compared with Friday's Forecast
· Gasoline: forecast rollback of PHP 12.50–14 → confirmed rollback of PHP 16.80 (larger than forecast)
· Diesel: forecast rollback of PHP 4.30–5 → confirmed rollback of PHP 4.10 (smaller than forecast)
· Kerosene: forecast rollback of PHP 5.20 → confirmed rollback of PHP 3.70 (smaller than forecast)

■ Causes
· The DOE explained that global oil prices fell as concerns over Middle East supply disruptions eased on hopes that the US–Iran conflict could be resolved through diplomacy (Daily Tribune).
· Philstar reported that the peso holding steady at around PHP 63 per dollar also lowered the cost of imported fuel.
· Last week, gasoline went up by PHP 3.50 per liter, while diesel went down by PHP 1 and kerosene by PHP 1.90.

You can check actual pump prices (Petron Quezon City) every week in the fuel price section on the SeeQee home screen.

■ Sources
Philstar (11/9), The Manila Times (11/9), Daily Tribune (11/9)

■ Photos
· 1. File photo · A car being refueled at a gas station — The Manila Times
· 2. File photo · A motorcycle passing in front of a gas station's fuel price board — Daily Tribune
· 3. File photo · A gas station attendant's hand holding a fuel pump nozzle — Manila Bulletin
· 4. File photo · A fuel pump nozzle inserted into a vehicle's fuel tank — Inquirer
· 5. File photo · An attendant pumping diesel into a truck — Rappler
· 6. File photo · A line of buses and motorcycles on EDSA — Philstar