INSIDER VIEW | Debunking the populist wet dream of a re-nationalized Petron
For the week of April 7 to 13, 2026, Petron’s retail prices were generally below those of Shell and Caltex across key products. This undermines the populist narrative because the same company being blamed for high prices is also operating a major domestic refinery and, in most cases, selling cheaper fuel than their multinational rivals. That demolishes their argument that Petron is driving price pressures.