Industry News

PH fuel price update: Increase for gas, rollback for diesel effective March 5

Mixed movement for fuel prices this week
photo of a motorcycle refueling at a gas station
PHOTO: Leandre Grecia

Fuel prices will see mixed movement this coming week, with an incoming rollback for diesel and a price hike for gasoline.

For the week of March 5 to 11, 2024, gasoline prices will go up by P0.50 per liter, after going down by P0.70/L in the previous week. Diesel prices, meanwhile, are going down by P0.40 per liter, continuing last week’s trend of a P0.95/L decrease, and kerosene will have a price rollback of P0.35 per liter.

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Once these adjustments take effect, gasoline and diesel prices will have gone up by P5.95/L and P4.05/L, respectively, since the beginning of 2024. Kerosene prices, meanwhile, will have increased by P0.05/L from the start of the year.

Image of fuel pumps

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: March 5 to 11, 2024

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PHOTO: Leandre Grecia
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    TGP Rating:
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