MANILA – Motorists can look forward to potential price reductions at the pump next week (likely starting Tuesday, January 13 or 14, 2026), as global oil benchmarks continue to soften due to ample supply and subdued demand outlook. Industry sources indicate downward adjustments across major products, providing relief after mixed movements in early January.
Why Cuts Are Expected
- Global Benchmarks Decline: Brent crude and WTI eased amid expectations of oversupply in 2026 (e.g., potential Venezuelan output recovery, OPEC+ decisions).
- MOPS Trends: Mean of Platts Singapore (reference for PH imports) showed weakness in recent trading sessions.
- No Major Disruptions: Geopolitical factors (e.g., Venezuela developments) have not tightened supply significantly.
Early estimates suggest rollbacks, though exact figures depend on final MOPS calculations over the weekend.
Projected Adjustments Snapshot (Week of Jan 13/14, 2026 – Preliminary Estimates):
| Product | Expected Change (Per Liter) | Notes |
|---|---|---|
| Gasoline | -P0.50 to -P1.00 | Stronger rollback potential |
| Diesel | -P0.30 to -P0.70 | Moderate reduction |
| Kerosene | -P0.40 to -P0.80 | If adjusted by firms |
This follows the January 6 mixed changes: Gasoline -P0.10/L; Diesel +P0.20/L; Kerosene +P0.10/L.
For commuters, refuel mid-week if possible—savings could add up amid stable inflation.
Stay tuned for official advisories from Shell, Petron, Seaoil, and others Monday afternoon.