You can breathe a bit easy this week—after the previous price hikes, there will be a fuel price rollback in the coming days. Unfortunately, it’s not enough to offset two weeks of upward adjustments.
For the period of October 22 to 28, 2024, gasoline prices will go down by P0.50 per liter, after last week’s P2.65/L increase. Diesel prices, meanwhile, will decrease by P0.70 per liter, which partially reverses the P2.70/L hike of the past week. Finally, kerosene will have price rollback of P0.85 per liter.
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Once these adjustments take effect, gasoline and diesel prices will have gone up by P8.55/L and P6.05/L, respectively, since the beginning of 2024. Meanwhile, kerosene prices will have had a net decrease of P3.60/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: October 22 to 28, 2024
2024 Fuel price changes:
- Gas to go up by P2.65/L, diesel by P2.7/L effective October 15
- P1.20/L increase for diesel effective October 8
- P0.90/L diesel price hike effective October 1
- P1.10/L increase for gasoline effective September 24
- Rollback of P1/L for gas, P1.30/L for diesel effective September 17
- P1.55/L rollback for gas, P1.30/L for diesel effective September 10
- PH fuel price update: P0.50/L increase for gasoline effective September 3
- Rollback of P1.90/L for diesel, P1.15/L for gas effective August 27
- Price hikes again for both gasoline, diesel effective August 20
