Global Oil Prices Expected to Drop Amid Easing Middle East Tensions

Diesel prices are projected to see a significant rollback in the Philippines, with industry estimates suggesting a drop of P7 to P9 per liter. This comes as global oil trading softens and tensions in the Middle East ease.

11 May, 11:07 — 11 May, 11:07

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OIL PRICE WATCH as of May 11, 2026

MANILA, Philippines – Diesel prices are expected to post another major rollback this week following easing tensions in the Middle East and softer global oil trading. Industry estimates showed diesel prices could drop by as much as P7 to P9 per liter on May 12, potentially pulling pump prices in Metro Manila down to as

By Dona Policar

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Global Oil Prices Expected to Drop Amid Easing Middle East Tensions

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OIL PRICE WATCH as of May 11, 2026

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