OIL PRICE WATCH as of June 2, 2026

MANILA, Philippines – A significant relief welcomed Filipino motorists on Tuesday, June 2, as oil prices post major rollbacks after weeks of continued price hikes. Diesel prices were slashed by at least P9.26 per liter, while gasoline went down by a minimum of P4.76 per liter. Kerosene will see the biggest reduction, dropping by at