Fuel price updates

LATEST UPDATE:
LOCATION: MANILA

October 16, 2023

Oil firms are set to implement mixed adjustments in pump prices on Tuesday.

Gasoline prices will decrease by  P0.55 per liter, while oil companies will implement price rollback on diesel and kerosene.

These are the price adjustments for diesel and kerosene:

  • Diesel - Rollback by P0.95 per liter
  • Kerosene - Rollback by P0.95 per liter — Rosette Adel

October 9, 2023

Oil firms are set to rollback pump prices on Tuesday.

The following are the price adjustments effective Tuesday morning:

  • Gasoline - Price decrease by P3.05 per liter
  • Kerosene - Price decrease by P3 per liter
  • Diesel - Price decrease by P2.45 per liter

October 2, 2023

Oil firms will implement mixed adjustments in prices to be implemented on Tuesday, October 3, The Philippine Star reported.

Here are the price adjustments:

  • Gasoline will decrease by P2 per liter
  • Diesel will increase by P0.40 per liter
  • Kerosene will rollback by P0.50 per liter

September 25, 2023

After consecutive weeks of increases, oil companies are set to reduce pump prices tomorrow, Sept. 26, 2023.

  • Gasoline -  P0.20 decrease per liter
  • Diesel - P0.20 decrease per liter
  • Kerosene -  P0.50 decrease per liter

— The STAR/Richmond Mercurio

September 18, 2023

In another round of fuel price adjustments, oil firms are set to implement hefty price hikes on Tuesday, September 19.

  • Gasoline - Increase by P2 per liter
  • Diesel - Increase by P2.50 per liter
  • Kerosene -  Increase by P2 per liter

September 11, 2023

Oil firms are set to raise pump prices on Tuesday extending the streak of increases in diesel and kerosene prices for a tenth consecutive week, and gasoline for ninth straight.

Below are the fuel price ajustments:

  • Gasoline - Increase by P0.20 per liter
  • Diesel -  Increase by P0.40 per liter
  • Kerosene - Increase by P0.20 per liter

August 29, 2023

Oil firms implements another round of upward price adjustment on Tuesday fuel price hike.

Here are the reported fuel price hike:

Pilipinas Shell, Seaoil (from 6 a.m.) 

  • Gasoline - P0.30 per liter increase
  • Kerosene - P0.80 per liter increase
  • Diesel - P0.70 per liter increase

Jetti Petroleum (from 6 a.m.)

  • Gasoline - P0.30 per liter increase
  • Diesel - P0.70 per liter increase

Cleanfuel (from 4:01 p.m.)

  • Gasoline - P0.30 per liter increase
  • Diesel - P0.70 per liter increase

Caltex (from 12:01 a.m.)

  • Gasoline - P0.30 per liter increase
  • Kerosene - P0.80 per liter increase
  • Diesel - P0.70 per liter increase
     

August 21, 2023

Oil firms are set to implement fuel price increase that marks the sixth straight week of price hike for gasoline, and the seventh for both diesel and kerosene.

Among the oil companies that announced upward adjustments include Chevron Philippines Inc. (Caltex), Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp. s

They will implement the following price adjustments:

Gasoline - Increase by P1.10 per liter

Diesel -  Increase by P0.20 per liter

Kerosene -  Increase by P0.70 per liter

Cleanfuel will implement these prices except for kerosene which it does not carry.

August 14, 2023

For the fifth straight week, oil firms will be increasing gasoline prices. Oil firms will also implement hike on both diesel and kerone, marking the sixth straight week of increase.

Pilipinas Shell Petroleum Corp and Seaoil Philippines Corp will make the following price adjustments:

  • Gasoline - Increase by P1.90
  • Diesel - Increase by P1.50 
  • Kerosene - Increase by P2.50

The oil firms will implement the fuel price hike by 6 a.m.

Cleanfuel will also implement the same changes, except for kerosene which it does not carry at 4:01 p.m. on Tuesday.

August 7, 2023

Oil firms are set to implement another big-time fuel hike on Tuesday, August 8.

Pilipinas Shell Petroleum Corp. advises motorists that it will increase prices per liter of gasoline by P0.50, diesel by P4.00, and kerosene by P2.75. This will take effect at 6 a.m. on Tuesday. 

Cleanfuel will implement similar price adjustments excluding kerosene which it does not carry at 4 :01 p.m. on Tuesday.

July 31, 2023

Another fuel price hike is slated on Tuesday. 

Oil firms announce that they would hike prices of diesel and kerosene by more than P3 per liter and gasoline by over P2 per liter.

These are the fuel price adjustments:

  • Gasoline - Up by P2.10 per liter
  • Diesel - Up by P3.50 per liter
  • Kerosene - Up by P3.25 per liter

The price adjustment marks the third straight week of increases for gasoline, and the fourth for diesel and kerosene.

.

July 24, 2023

Prices of gasoline will hike for the second consecutive week this Tuesday and the third for both diesel and kerosene.

Oil firms Pilipinas Shell Petroleum Corp and Seaoil announce in separate advisories that they will increase prices of gasoline by P1.35 per liter, diesel by P0.45, and kerosene by P0.35.

The price adjustment of fuel products will take effect at 6 a.m., Tuesday, July 25.

July 14, 2023

Rino Abad, Department of Energy-Oil Industry Management Bureau (DOE-OIMB) director, in a radio interview says there's a high chance that prices of products gasoline, diesel and kerosene will increase.

He says the DOE-OIMB is expecting that the fuel price adjustment will exceed P1 in all products.

Abad also says the bureau is preparing for tightness of fuel supply this July.

July 3, 2023

Oil firms are set to cut the prices of fuel, effective Tuesday, July 4.

Here are updates about oil price rollbacks:

December 4, 2022

Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a meeting Sunday, ahead of fresh sanctions against Moscow coming into force.

The 13-member Organization of the Petroleum Exporting Countries (OPEC) is due to consult with 10 other oil-producing nations, including Russia, to review their decision in October to cut production by two million barrels per day.

The OPEC+ videoconference will take place from 1100 GMT Sunday. -- AFP

July 23, 2022

Consumers can expect to see rollbacks in gas and diesel, according to an oil industry source. 

Diesel is seen to decrease by P1.70 to P2.20 per liter while a liter of gas is expected to decrease by less than P0.50.

March 22, 2022

The budget department releases P7 billion to the Department of Transportation for the serving contracting program benefiting public utility vehicle drivers and operations through cash subsidies as the sector tries to cope with costly fuel.

Under the program, PUV drivers and operators will be receiving regular performance-based subsidies based on the number of trips made per week, regardless of the number of passengers, the Department of Budget and Management said in a news release.

March 7, 2022

Sen. Risa Hontiveros on Monday called for the lifting of the excise tax on oil products under the Tax Reform for Acceleration and Inclusion (TRAIN) Law as fuel prices are expected to rise this week by from P5.30-P5.50/L for diesel, P3.60-P3.80/L for gasoline, and P4.00-P4.10 for kerosene.

 "Sobrang mabigat ang magiging epekto nito sa ating mga kababayan - sa ating mga drayber, mga mangingisda, maliliit na negosyante, at maging sa ating konsyumer ng kuryente lalo na sa mga off-grid islands na gumagamit ng diesel para sa mga generation power plants," she says.

(The effect this has had on our drivers, fisherfolk, small business owners and consumers has been huge, especially in off-grid islands where power plants use diesel fuel)

June 30, 2020

Petron announces it will implement a P0.50/kg increase in LPG prices effective 12:01 a.m., July 1.

AutoLPG prices will also increase by P0.30/liter at the same time.

March 14, 2020

Petron says it will implement the following price rollbacks effective 6 a.m. on Tuesday, March 17:

  • Gasoline: P4 per liter
  • Diesel: P4 per liter
  • Kerosene: P4.50 per liter

October 8, 2018

Fuel companies will implement a fresh round of price increases at 6 a.m. on Tuesday, October 9.

October 1, 2018

Flying V and PTT Philippines will implement price increases at 6 a.m. on Tuesday, October 2.

Gasoline will increase by P1/liter while diesel prices will go up by P1.35/liter

Flying V will also increase the price of its kerosene by P1.10/liter

September 17, 2018

Several oil firms announce that they will implement price hikes on fuel products on Tuesday, September 18.

The oil companies say the price adjustment will be implemented to reflect the changes in the international oil market.

Here are the fuel prices effective 6 a.m. on Tuesday:

Flying V 

  • Gasoline - P0.50 per liter

  • Biodiesel - P0.15 per liter

  • Kerosene - P0.20 per liter

Petro Gazz

  • Gasoline - P0.50 per liter

  • Diesel - P0.15 per liter 

Phoenix Petroleum 

  • Gasoline - P0.50 per liter

  • Diesel - P0.15 per liter

PTT Philippines 

  • Gasoline - P 0.50 per liter

  • Diesel - P0.15 per liter

September 3, 2018

Fuel companies have announced price increases that will take effect at 6 a.m. on Tuesday, September 4, The STAR's Danessa Rivera reports.

The following companies will raise prices by P1.20 per liter for diesel and P0.95 for gasoline:

  • Caltex
  • Eastern Petroleum
  • Flying V
  • Phoenix Fuels
  • PTT Philippines
  • SeaOil
  • Total

The following will also hike their kerosene prices by P0.95 per liter:

  • Caltex
  • Flying V
  • SeaOil

June 2, 2018

Petron, PTT Philippines and TOTAL will implement price rollbacks, The STAR's Danessa Rivera reports.

May 14, 2018

Phoenix Fuels, Caltex and Flying V have announced their own pump price increases effective 6 a.m. on May 15, The STAR's Danessa Rivera reports.
‏
The three will raise the prices of diesel by P1.20 and gasoline by P1.10.

Flying V and Caltex will also raise the price of kerosene by 0.95 per liter.

May 14, 2018

PTT Philippines will increase pump prices by P1.20/liter for diesel and P1.10/liter for gasoline effective 6 a.m. on Tuesday, The STAR's Danessa Rivera reports.

SEAOIL will implement a similar increase and will also raise the prices of kerosene by P0.95.

Other fuel companies likely to announce similar increases during the day.

April 9, 2018

Fuel companies are slashing pump price by Tuesday morning, The STAR's Danessa Rivera reports

Seaoil will be the first to decrease prices at -P0.40 per liter for gasoline and -P0.30 per liter for diesel a2 12:01 AM on Tuesday.

Eastern Petroleum, Phoenix Fuels and Shell will roll back diesel prices by -P0.30 per liter and -P0.40 for gasoline at 6AM on Tuesday.

Kerosene prices will remain unchanged.

Fuel prices will increase at 6am on March 27, The STAR's Danessa Rivera reports.

Phoenix Fuels, PTT, Eastern Petroleum and Flying V will increase gasoline prices by P1.15 per liter and of diesel by P1.10 per liter.

Flying V will also increase kerosene prices P1 per liter.

Show comments