Renew Insurance

Fuel prices to soar further tomorrow

Fuel station

Fuel companies have announced that prices at the pump will continue to increase tomorrow, which is the fourth consecutive price hike for the month of January.

KEY TAKEAWAYS

  • How much will the price increase of fuel products tomorrow?

    Gasoline pump price will post an added P1.45 per liter, diesel by P1.90 per liter and kerosene by P1.70 per liter.

  • In the first four weeks of January, how much price hike are the oil companies set to impose?

    Including the adjustment tomorrow, gasoline prices have grown by P4.95 per liter, diesel by P7.20 per liter and kerosene by P6.75 per liter.

    • Petron Philippines, Caltex, Cleanfuel, PTT Philippines, Seaoil, Total, and Unioil announced in their respective advisories that by tomorrow, they will be raising the prices of gasoline by P1.45 per liter, and P1.90 per liter on diesel.

    fuel pump

    Aside from that, many of the abovementioned oil players will be jacking up the price of kerosene by P1.70 per liter.

    Other companies are expected to follow suit.

    For the first four weeks of 2022, the total amount of price hike on products at the pump up will be as follows:

    • Gasoline: P4.95 per liter
    • Diesel: P7.20 per liter
    • Kerosene: P6.75 per liter

    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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