Industry News

PH fuel price update: Price hikes for diesel, gasoline, kerosene effective December 26

Not as merry as we want this report to be
fuel pump refueling a motorcycle
PHOTO: Leandre Grecia

Here’s our final weekly fuel price report for 2023, and unfortunately, we’re here to report price hikes across the board.

For the week of December 26, 2023, to January 1, 2024, gasoline prices will increase by P1.60 per liter. Diesel prices, too, will go up by P1.70 per liter, and kerosene prices will rise by P1.54 per liter.

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Once these adjustments take effect, diesel and gasoline prices will have gone up by P5.65/L and P12.6/L, respectively, since the beginning of 2023, and kerosene prices will have increased by P1.23/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 26, 2023, to January 1, 2024

See Also

PHOTO: Leandre Grecia
  • TGP Rating:
    /20

    Starts at ₱

    TGP Rating:
    /20
    Starts at ₱