Industry News

PH fuel price update: 1.60/L gasoline price increase effective February 20

So much for last week’s rollback
Image of a motorcycle being refueled
PHOTO: Leandre Grecia

Well, last week’s rollback was short-lived—we’re in for another round of price hikes.

For the week of February 20 to 26, 2024, gasoline prices will increase by P1.60 per liter. The same goes for diesel prices, which will go up by P1.10 per liter, while kerosene will have a price hike of P1.05 per liter.

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Once these adjustments take effect, gasoline and diesel prices will have gone up by P6.05/L and P5.40/L since the beginning of 2024. Kerosene prices, meanwhile, will have increased by P1.50/L from the start of the year.

Image of fuel pumps

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 near your place of residence or work. Is your car consuming more fuel than usual? Here’s one thing to check. While we’re at it, here are the signs your fuel injectors could be failing.

Philippine fuel prices: February 20 to 26, 2024

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PHOTO: Leandre Grecia
  • TGP Rating:
    /20

    Starts at ₱

    TGP Rating:
    /20
    Starts at ₱