MANILA, Philippines – Motorists may expect some relief this week as oil companies will implement price roll back on Tuesday, Aug. 4, following lower global oil prices despite persistent supply concerns linked to the ongoing conflict between the United States and Iran. Based on fuel price movements, diesel prices are expected to reduce by P0.50 to P1.00 per liter, while gasoline prices may decrease by P1.00 to P1.50 per liter. The projected reductions come after this week’s hefty pump price hikes of as much as P7.30 per liter. Below are the oil prices monitored and gathered by Inquirer team as […]...Keep on reading: OIL PRICE WATCH as of August 3, 2026