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Fuel prices hike again: Diesel up by P1.10/liter, gas by P0.75 today

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After welcoming 2022 with a price increase reaching more than P2 per liter, fuel companies will jack up their pump prices up today.

KEY TAKEAWAYS

  • What fuel product at the pump continues to reflect the biggest price increase for 2022?

    Diesel showed the biggest price increase in the first two weeks of 2022.

  • What companies are going to implement the price adjustment today?

    Petron Philippines, Pilipinas Shell, Caltex, Cleanfuel, Seaoil, Total Philippines, Unioil and Flying V made the announcement. However, other oil players are expected to follow suit.

    • In their respective advisories, Petron Philippines, Pilipinas Shell, Caltex, Cleanfuel, Seaoil, Total Philippines, Unioil and Flying V said that they will raise the price of diesel by P1.10 per liter and gasoline by P0.75 per liter.

    Most of the aforementioned companies will add P0.90 per liter on kerosene.

    Other players are expected to conduct the same movement on their offerings.

    fuel pump

    Caltex, marketed by Chevron Philippines Inc. (CPI), added in its advisory that it will implement “kerosene price freeze in areas declared under state of calamity.”

    Last week, oil firms added P2.40 per liter on the price of diesel, P1.85 per liter on gasoline and P1.85 per liter on kerosene.

    Photos from Ruben D. Manahan IV 

    Also read:

    Local Oil Chief says Global Oil Price Collapse Good for Import-Dependent PH

    Top 24 Fuel Efficient Cars In The Philippines

    5 Tips on How To Get Better Fuel Economy while Driving on Highway

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