Gasoline prices up by P2.80/liter, diesel byP1.30/liter

Gasoline prices to go up P2.80/liter, diesel by P1.30/liter

/ 10:11 AM January 29, 2024

Gasoline prices to go up P2.80/liter, diesel by P1.30/liter


MANILA,  Philippines  —Motorists will see a hefty increase in the pump prices of petroleum products on Tuesday, Jan. 30, with local oil firms saying that prices will rise by up to P2.80 per liter.

In separate advisories, the companies said the prices per liter of gasoline would go up by P2.80 and P1.30 for diesel. At the same time, the price of kerosene will climb by P0.45 per liter.


Shell and Seaoil will implement the price adjustments by 6 a.m., followed by CleanFuel at 4:01 p.m.


READ: Oil jumps 1% after Houthis attack on fuel tanker in Red Sea

The Department of Energy (DOE) Oil Industry Management Bureau attributed the hefty price increases to the United States’ declining crude stockpile, among others.

This marks the fourth consecutive week of price increases this year.

READ: Gasoline, diesel prices to increase by up to P1.30 per liter

Last week, the price of gasoline went up by P1.30 per liter, and diesel by P0.95 per liter. There was no movement in kerosene prices.

According to the DOE, this resulted in a year-to-date net increase of P1.60 per liter for both gasoline and diesel. Kerosene, meanwhile, had a net decrease of P0.40 per liter.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: diesel, Gasoline, oil price hikes, US crude stockpiles

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.