Industry News

PH fuel price update: Diesel price hike of P1.50/L effective February 6

Gasoline prices will also increase by P0.75/L
Image of a car being refueled
PHOTO: Sharleen Banzon

This is your cue to load up on gasoline and fuel today, before pretty big price hikes.

For the week of February 6 to 12, 2024, gasoline prices will go up by P0.75 per liter. It’s the same for diesel, which will have an increase of P1.50 per liter, while kerosene will have a price hike of P0.80 per liter.

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Once these adjustments take effect, gasoline and diesel prices will have gone up by P5.15/L and P4.40/L since the beginning of 2024. Kerosene prices, meanwhile, will have increased by P0.85/L from 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 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 6 to 12, 2024

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PHOTO: Sharleen Banzon
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