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OIL PRICE WATCH as of June 2, 2026

Oil Price Watch by the Inquirer team MANILA, Philippines – A significant relief welcomed Filipino motorists on Tuesday, June 2, as oil prices post major rollbacks after weeks of continued price

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OIL PRICE WATCH as of June 2, 2026

Oil Price Watch by the Inquirer team MANILA, Philippines – A significant relief welcomed Filipino motorists on Tuesday, June 2, as oil prices post major rollbacks after weeks of continued price

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Major rollbacks set for the 1st week of June

The Philippine Department of Energy announced fuel price rollbacks effective June 1st: diesel down at least ₱9.26/liter, gasoline ₱4.76/liter, and kerosene ₱10.86/liter, as prices approach pre-Middle East conflict levels. For energy-intensive operations and logistics-dependent tech supply chains in Southeast Asia, this eases input costs that had spiked when the Strait of Hormuz closure pushed Metro Manila pump prices to ₱170/liter.

Timeline cronologica

lunedì 1 giugno 2026·business.inquirer.net
Major rollbacks set for the 1st week of June
INQUIRER PHOTO / NIÑO JESUS ORBETA MANILA, Philippines – Filipino motorists will welcome the month of June with major price cuts of at least P4.76 per liter starting…
lunedì 1 giugno 2026·rappler.com
Big fuel price rollback set for June 2
The expected rollback comes amid optimism over a renewed peace deal in the Middle East

OIL PRICE WATCH as of June 2, 2026

Major rollbacks set for the 1st week of June

Timeline cronologica

Major rollbacks set for the 1st week of June

Big fuel price rollback set for June 2

Big fuel price rollback set for June 2

DOE: Big-time rollbacks bring fuel prices closer to prewar levels

OIL PRICE WATCH as of June 2, 2026