Industry News

PH fuel price update: P2.80/L increase for gas, P1.30/L for diesel effective January 30

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fuel pump filling up a car at a gas station
PHOTO: Leandre Grecia

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

Effective January 30, 2024, gasoline prices will increase by P2.80 per liter. Diesel prices, too, are going up by P1.30 per liter, and kerosene will also have a price hike of P0.45 per liter.

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Once these adjustments take effect, gasoline and diesel prices will have gone up by P4.40/L and P2.90/L since the beginning of 2024. Kerosene prices, meanwhile, will have increased by P0.05/L from the start of the year.

Image of a car 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: January 30 to February 5, 2024

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PHOTO: Leandre Grecia
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