At long last, fuel prices will go down this coming week. The adjustments won’t fully undo the past month’s price hikes, but it’s a start, we guess.
For the period of July 16 to 22, 2024, gasoline prices will decrease by P0.60 per liter, after four weeks of consecutive price increases yielded a cumulative increase of P4.80/L. Diesel prices will go down by P0.95 per liter, after also increasing by a total of P4.80/L over the past month. Finally, kerosene will have a price rollback of P1.15 per liter.
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Once these adjustments take effect, gasoline and diesel prices will have gone up by P10.25/L and P8.10/L, respectively, since the beginning of 2024. Meanwhile, kerosene prices will have had a net increase of P1.20/L since the start of the year.
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: July 16 to 22, 2024
2024 Fuel price changes:
- PH fuel price update: P1.60/L increase for gasoline effective July 9
- Increase of P0.95/L for gas, P0.65/L hike for gas effective July 2
- P1.75/L increase for diesel, P1.40/L hike for gas effective June 25
- P1.75/L increase for diesel effective June 18
- P1.20/L rollback for diesel effective June 11
- P0.40/L increase for both gasoline, diesel effective May 28
- P0.25/L hike for diesel, P0.10/L rollback for gas effective May 21
- P2/L rollback for gasoline effective May 14
- Rollback of P0.90/L for diesel, P0.75/L for gas effective May 7
