Industry News

PH fuel price update: Diesel rolls back by P3.95/L this week

Gasoline prices are also down by P0.85/L
fuel pump filling up a diesel tank
PHOTO: Leandre Grecia

UPDATE: November 28, 2022. It looks like it’s going to be a good start to December: Fuel prices will be seeing big-time rollbacks this week.

According to the latest advisory from Cleanfuel, the prices of diesel will go down by P3.95 per liter this week. Gasoline prices, meanwhile, will drop by P0.85 per liter. Once these changes take effect, this will have marked the sixth consecutive week wherein diesel sees a significant decrease.

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Following these rollbacks, gasoline prices will have gone up by a net P16.90/L since the beginning of 2022, with prevailing retail pump prices ranging from P63.50 to P72.80 per liter for 91-octane gasoline. Diesel, meanwhile, has had a net price increase of P29.90/L, with current pump prices ranging from P66.85 to P75.80 per liter.

There’s still a long way to go before pump prices return to sub-P50 levels, but at least we’re starting to see more and more rollbacks. We’re compiling the official advisories below, so check back here for further updates.

Philippine fuel prices: November 29 to December 5, 2022: 

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PHOTO: Leandre Grecia
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    TGP Rating:
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    Starts at ₱