Price Tracker: Oil, fuel monitor for May 8
MANILA, Philippines — Fuel retailers are seeing a split trend for next week’s pump price adjustment, with gasoline tracking another increase while diesel is moving lower.
The oil shock, meanwhile, is already feeding into wider economics. The Philippines reported that GDP growth slowed to 2.8% in the first quarter, with Economic Planning Secretary Arsenio Balisacan citing the Middle East crisis and rising oil prices as they drag on supply chains and consumption.
April inflation rose to 7.2%, with transport costs up 21.4% and housing, water, electricity, gas and other fuels up 8.2%, while the government is also trying to turn energy security into a regional agenda item at the ASEAN summit in Cebu.
Here are the reported benchmark prices and range for May 8.
May 8, 2026 fuel price benchmarks
Reported average prices and range per product
| Fuel product | National avg (P/L) | Range (P/L) |
|---|---|---|
| Diesel | 88.47 | 78.66 - 99.16 |
| Premium diesel | 93.46 | 85.46 - 107.48 |
| Unleaded 91 | 85.68 | 75.20 - 93.71 |
| Premium 95 | 88.53 | 79.70 - 99.21 |
| Premium 97/98/100 | 97.64 | 78.61 - 110.23 |
Note: National averages are based on reported averages on MetroFuel Tracker, Gas Watch and other verified sources as of 6 p.m. of May 7, while the range reflects the lowest and highest reported pump prices observed that day.
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