PH fuel price update: P1.10/L rollback for diesel, P0.35/L for gas effective October 25

Every centavo counts these days
by Drei Laurel | Oct 21, 2022
Image of fuel pump
PHOTO: Shutterstock

UPDATE, October 24, 2022. Finally, some relief: We can confirm now that there’s a slight rollback in diesel and gasoline prices this week.

According to the official advisory from oil companies, the price of diesel is going down by P1.10 per liter after two consecutive weeks of price hikes. Gasoline, meanwhile, will have a rollback of P0.35 per liter. This is for the week of October 25 to 31, 2022.

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After these changes take effect, gasoline prices will have gone up by a net P16.10/L since the beginning of 2022, with prevailing retail pump prices ranging from P62.70 to P72 per liter for 91-octane gasoline. Diesel, meanwhile, will have had a net price increase of P37.40/L, with current pump prices ranging from P74.35 to P83.30 per liter.

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The rollback isn’t too significant, but at this point, we’re certain many motorists will take what they can get.

PH fuel prices, October 25 to 31, 2022:

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