MANILA, Philippines – After weeks of fuel price hikes driven by supply concerns linked to continued tensions in the Middle East, oil companies on Tuesday implemented modest rollbacks for gasoline and diesel, while kerosene posted a steeper price cut. Gasoline prices fell by P0.73 per liter, while diesel prices dropped by P0.60 per liter. Kerosene recorded the biggest rollback at P2.09 per liter. Below are the oil prices monitored and gathered by Inquirer team as of Aug. 4, 2026. Petron Central Ave., Quezon City at 5:56 a.m....Keep on reading: OIL PRICE WATCH as of Aug. 4, 2026