Industry News

PH fuel price update: P0.10/L increase for diesel effective December 19

No price movement for gasoline
Image of fuel pump
PHOTO: IADE-Michoko via Pixabay

In case you’ve been waiting for a hefty price rollback before topping up ahead of a Christmas holiday road trip, we have both bad news and good news for you. The bad: There’s a price hike this week. The good: It’s only for diesel, and it’s a very small increase.

For the week of December 19 to 25, 2023, diesel prices will go up by P0.10 per liter. As mentioned, there will be no price movement for gasoline, while kerosene prices will roll back by P0.85 per liter.

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Once these adjustments take effect, diesel and gasoline prices will have gone up by P3.95/L and P11/L, respectively, since the beginning of 2023, and kerosene prices will have gone down by P0.31/L since the start of the year.

Image of an SUV being refueled

If you want to save up on fuel costs, remember that fuel prices may vary depending on location and the brand of the fuel station; it might be cheaper somewhere along your regular route than it is near your place residence or work. Going on a road trip for the holidays? Here’s how to get the most out of your fuel budget.

We’re compiling the official advisories from various fuel companies below. Check back here for updates throughout the week.

Philippine fuel prices: December 19 to 25, 2023

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PHOTO: IADE-Michoko via Pixabay
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