This week, prices of both diesel and gasoline are going down significantly after several weeks of hikes or mixed movement.
According to the latest advisories from various fuel companies, gasoline prices are going down by P3.05 per liter effective October 10, 2023. Diesel prices are also set to decrease by P2.45 per liter, while for kerosene, there is a rollback of P3 per liter.
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Once these adjustments take effect, diesel and gasoline prices will have gone up by P11.35/L and P12.25/L, respectively, since the beginning of 2023, while kerosene will have increased by P5.94/L from the start of the year. Fuel price movements for the past few weeks are linked below.
Industry observers, however, will be keenly watching the escalating Israel-Hamas conflict, which may impact fuel prices.
If the price of fuel in your area seems a bit high, 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 it is near your place residence or work. Thinking of switching to a lower-octane formulation during this time of high fuel prices? Read here if that will have an effect on your engine’s health. Found less expensive fuel from another brand? We discuss here if mixing different brands of fuel is bad for your vehicle. Running very low on fuel? We answer here if a glowing fuel warning light is that big a deal. 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: October 10 to 16, 2023
The past few weeks in fuel prices:
- Increase for diesel, rollback for gasoline effective October 3
- Diesel prices to rise by P2.50/L effective September 19
- P0.40/L increase for diesel effective September 12
- Diesel up again by P1.20/L effective September 5
- Another P0.70/L increase for diesel effective August 29
- P1.10/L increase for gasoline effective August 22
- P1.90/L increase for gas, P1.50/L for diesel effective August 15
- P4/L price hike for diesel effective August 8
- P3.50/L price increase for diesel effective August 1
- P1.35/L increase for gasoline effective July 25
- Increase of P2.10/L for diesel, P1.90/L for gas effective July 18
- Diesel price hike of P0.75/L effective July 11
