Price Tracker: Oil, fuel monitor for May 7
MANILA, Philippines — Fuel prices are tracking a mixed direction for next week, with diesel poised for a possible rollback while gasoline may climb again as the oil shock continues to feed into transport, food and utility costs.
The early signals come as the energy shock is increasingly reflecting in sharp rise in prices of goods in the country. April inflation accelerated to 7.2%, its fastest pace since March 2023, with transport inflation surging 21.4% and housing, water, electricity, gas and other fuels rising 8.2%.
Here are the estimated fuel price benchmarks for Thursday, May 7.
May 7, 2026 fuel price benchmarks
National averages with reported pump price ranges
| Fuel product | National avg (P/L) | Range (P/L) |
|---|---|---|
| Diesel | 88.48 | 78.66 - 99.16 |
| Premium diesel | 93.46 | 85.46 - 107.48 |
| Unleaded 91 | 85.68 | 75.20 - 93.71 |
| Premium 95 | 88.54 | 79.70 - 99.21 |
| Premium 97/98/100 | 97.64 | 78.61 - 110.23 |
Note: National averages come from MetroFuel Tracker's national average table updated May 6, while the range reflects the lowest and highest reported station or city-level prices observed that day from various sources including Gas Watch, social media and news reports.
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