Up. Down. Up. Down. Up—and we’re down again. Frankly, we’re starting to get dizzy keeping track of all these fluctuations.
Industry players have now announced that new fuel price rollbacks are taking effect this week. Gasoline will drop by P2.6 per liter, while diesel will go down by P1.55 per liter.
This news follows two straight weeks of sizable fuel price hikes. On August 30, the price of gasoline and diesel in the country shot up by P6.10/L and P1.40 per liter, respectively.
Following these changes, gasoline prices have gone up by a net P19.55/L since the start of the year, with prevailing retail pump prices ranging from P69.40 to P79.50 for 91-octane gasoline. Diesel, meanwhile, has had a net price increase of P37.80/L, with current pump prices ranging from P76.89 to P86.57. Finally, kerosene has seen a P33.20/L net increase since the beginning of 2022.
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So, place your bets: Up or down on the next round of fuel price updates? Let us know in the comments.
