Industry News

PH fuel price update: P0.70/L rollback for gas, diesel effective July 4

Finally
Photo of fuel gauge of diesel vehicle with needle pointing at the half-tank mark
PHOTO: Adobe Stock

If you’ve been waiting for fuel prices to roll back before topping up your ride, tomorrow’s your chance: Prices are set to go down across the board after last week’s hike.

According to the latest advisory from various fuel companies, gasoline prices will go down by P0.70 per liter for the week of July 4 to 10, 2023. Diesel prices will also decrease by P0.70 per liter, and kerosene prices will roll back by P0.85 per liter.

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What does that do in terms of net fuel price changes for the year? Once these adjustments take effect, gasoline prices will have gone up by P5.85/L since the beginning of 2023. Meanwhile, diesel prices will have seen a net decrease of P3.70/L since the start of the year. Fuel price movements for the past few weeks are linked below.

Person reaching out for a fuel pump at a fuel station

As always, it’s important to note that fuel prices may vary depending on location and the brand of the fuel station. Found less expensive fuel from another brand? We discuss here if mixing different brands of fuel is bad for your vehicle. You can also read here why buying fuel ‘tingi-tingi’ style is hurting your car. And if you want to try stretching your tank of fuel over a longer distance, check out these fuel-saving tips.

We’re compiling the official advisories from various fuel companies below. Check back here for updates throughout the week.

Philippine fuel prices: July 4 to 10, 2023

The past few weeks in fuel prices:

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PHOTO: Adobe Stock
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