Industry News

PH fuel price update: P1.30/L increase for gasoline effective January 23

Plus a P0.95/L price hike for diesel
Fuel station attendant refueling a car
PHOTO: Adobe Stock

The price hikes keep on coming so far this year, and for the upcoming week, both gasoline and diesel will be more expensive for motorists.

Effective January 23, 2024, gasoline prices will increase by P1.30 per liter. Diesel prices are also set to go up by P0.95 per liter, while there will be no price change for kerosene.

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Once these adjustments take effect, gasoline and diesel prices will have both gone up by P1.60/L since the beginning of 2024, while kerosene will have decreased by P0.40/L from the start of the year.

bmw r1250 gs fueling up at a gas station

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: January 23 to 29, 2024

See Also

PHOTO: Adobe Stock
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