PH fuel price update: P1.85 rollback for diesel, P0.40 for gas for July 26

The industry is expecting another price drop next week
by TopGear.com.ph | Jul 2, 2022
bmw r1250 gs fueling up at a gas station
PHOTO: Leandre Grecia

UPDATE: July 25, 2022. Following consecutive major rollbacks, both diesel and gasoline prices are once again set to go down in the week of July 26 to August 2. The rollbacks will be slightly smaller, but they’re rollbacks nonetheless.

Philippine fuel prices: July 26 to August 2, 2022

Fuel industry players have now announced that diesel prices will roll back by P1.85 per liter and gasoline prices by P0.4 per liter. It appears the projections released over the weekend will hold true, after all.

We’re compiling the fuel price announcements of oil companies below:

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Philippine fuel prices: July 19 to 25, 2022

Following last week’s major rollback, gasoline prices will go down further by P5 per liter. Diesel products will also go down for another consecutive week, albeit by just P2 per liter.

We’re compiling the fuel price announcements of oil companies below:

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Philippine fuel prices: July 12 to 18, 2022

This week will see a considerable decrease of P6.10 per liter for the price of diesel products. Gasoline prices, meanwhile, will go down by P5.70 per liter. These are the biggest rollbacks we’ve seen in a while. The week before, diesel prices went down by P3/L, while gasoline prices remained unchanged.

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In the past week, a bill seeking to suspend VAT and excise taxes on fuel has also been filed in Senate. Before he assumed office, however, President Ferdinand Marcos Jr. stated that he believes the focus should be on providing direct assistance to those in need in the form of ayuda, rather than removing fuel excise taxes.

We’ve compiled the fuel price announcements of oil companies below:

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Philippine fuel prices: July 5 to 11, 2022

For the week of July 5 to 11, the price of diesel went down by P3 per liter, while the cost of gasoline remained unchanged Last week, diesel and gasoline went up by P1.65/L and P0.50/L, respectively. The rollback is still a welcome, albeit somewhat underwhelming, bit of news.

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If you’re struggling to gas up regularly because of rising fuel prices, here’s something you can take advantage of: The Department of Transportation (DOTr) has announced that free rides for the EDSA Carousel have been extended until December 2022. The agency will also be launching a free ride program for students on the PNR, MRT-3 and LRT-2.

We’ve compiled the fuel price announcements of oil companies below:

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PHOTO: Leandre Grecia
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