Price Tracker: Oil, fuel monitor for Sept. 1-7, 2026
Local pump prices went down in the first week of September.
Manila, Philippines — In the first week of September, diesel, kerosene, and gasoline prices experienced notable declines, with diesel and kerosene prices dropping by more than P3 per liter. The Department of Energy (DOE) reported these price adjustments, citing the ongoing conflict between the United States and Iran as a factor influencing price movements.
US Vice President JD Vance highlighted President Donald Trump's focus on maintaining uninterrupted trade through the Strait of Hormuz, a crucial passage for approximately 20% of the global oil supply.
On September 1, the estimated new pump prices for the week included gasoline prices that decreased by a few centavos. Liquefied petroleum gas (LPG) also experienced a price reduction of P0.40 per kilogram, with 11-kilogram cylinders witnessing a decline of P4.39 per kilogram. For September 2026, the estimated new prices for 11-kilogram LPG cylinders ranged from P983.11 to P1,493.61.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
