We’re entering a new month with a bit good news: Fuel prices are going down this week, and though the adjustments are less than P1/L, it’s a welcome change to the consecutive price hikes in June and July.
For the period of July 30 to August 5, 2024, gasoline prices will go down by P0.75 per liter, after last week’s slight increase. Diesel prices, too, will continue to decrease by another P0.85 per liter. Finally, kerosene will have a price rollback of P0.80 per liter.
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Once these adjustments take effect, gasoline and diesel prices will have gone up by P9.60/L and P6.90/L, respectively, since the beginning of 2024. Meanwhile, kerosene prices will have had a net decrease of P0.30/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 30 to August 5, 2024
2024 Fuel price changes:
- P0.95/L rollback for diesel effective July 16
- 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
