OIL PRICE WATCH as of Aug. 4, 2026

MANILA, Philippines – After weeks of fuel price hikes driven by supply concerns linked to continued tensions in the Middle East, oil companies on Tuesday implemented modest rollbacks for gasoline and diesel, while kerosene posted a steeper price cut. Gasoline prices fell by P0.73 per liter, while diesel prices dropped by P0.60 per liter. Kerosene