Motorists across the country will feel relief at the pump as the Department of Energy implements a significant rollback on petroleum product prices effective today, June 2. 

Diesel prices are set to drop by P9.26 per liter, while gasoline sees a reduction of P4.76 per liter. Kerosene prices will also decrease by P10.86 per liter.

The Department of Energy said the rollback brings petroleum prices closer to pre-conflict levels, following disruptions caused by tensions in the Middle East that affected the global oil market.

Energy Secretary Sharon Garin welcomed the development, saying it signals a return toward pricing norms seen before the regional conflict escalated.

"This is a good news. Good news because we are going closer to the pre-war prices. Pre-war was around, 60 pesos, 50 to 60 pesos. And now we are getting closer and closer to this amount. Hopefully with no more surprises in the events that are happening in the Middle East, especially with Iran, Israel and US, hopefully we go steady and we go back to the previous prices or at least not as high as before." 

[Ito ay isang magandang balita. Magandang balita dahil papalapit na tayo sa mga presyong bago ang digmaan. Ang presyo bago ang digmaan ay nasa 60 piso, 50 hanggang 60 piso. At ngayon, unti-unti na tayong papalapit sa halagang iyon. Sana walang higit pang mga sorpresa sa mga pangyayari sa Gitnang Silangan, lalo na sa Iran, Israel, at Estados Unidos, sana ay manatiling matatag at makabalik tayo sa mga nakaraang presyo o hindi man ay hindi na kataas ng dati.]

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