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Philippine retail fuel prices fell for the week beginning November 10, with gasoline down ₱16.80 per liter, diesel down ₱4.10, and kerosene down ₱3.70. The Department of Energy attributed the rollbacks mainly to easing concerns about the US-Iran conflict and Middle East supply disruptions, with a stronger peso also reducing import costs.
Lower oil and fuel costs can ease feed production and transport expenses; the sharp price cuts are bearish for diesel and crude benchmarks.
philstar.comAlyana UyNov 9, 2026After 79 past bearish macro events, ULSD / Diesel moved a median -1.0% over 5 sessions (39% higher; middle half -5.7% to +1.7%), and -1.5% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
