We have some bad news for motorists. Local news outlets are reporting that fuel prices could see a major hike next week.
According to these reports, the price of diesel could go up by P5.40 to as much as P5.70 per liter. Meanwhile, gasoline prices could increase by P1.30 to 1.60 per liter. After several weeks of rollbacks, this would be the second consecutive week that diesel sees a price hike. The above changes will likely take effect no later than Tuesday, August 30, 2022.
Since the start of the year, diesel prices have increased by P31.70 per liter, with prices at the pump ranging from as low as P70.54 to P80.20. Gasoline prices, meanwhile, have shot up by P18.15 per liter in 2022, with pump prices ranging from P64.34 to P75.3, depending on the location of fuel stations. Kerosene has also gone up by P27.10 per liter since January. These figures are accurate as of August 23, 2022.
With fuel prices expected to increase significantly next week, motorists are advised to fuel up before Tuesday to save money and avoid price shocks. The timing of this latest price hike seems particularly bad, as many are expecting traffic in Metro Manila and its surrounding areas to worsen to pre-pandemic levels and beyond.
Report: Diesel could spike by P5.70 and gasoline by P1.60 on August 30, 2022
After several weeks of rollbacks, this would be the second straight week of diesel price hikes.
Autodeal on Aug 26, 2022You are here:HomeLatest StoriesNewsReport: Diesel could spike by P5.70 and gasoline by P1.60 on August 30, 2022
We have some bad news for motorists. Local news outlets are reporting that fuel prices could see a major hike next week.
According to these reports, the price of diesel could go up by P5.40 to as much as P5.70 per liter. Meanwhile, gasoline prices could increase by P1.30 to 1.60 per liter. After several weeks of rollbacks, this would be the second consecutive week that diesel sees a price hike. The above changes will likely take effect no later than Tuesday, August 30, 2022.
Since the start of the year, diesel prices have increased by P31.70 per liter, with prices at the pump ranging from as low as P70.54 to P80.20. Gasoline prices, meanwhile, have shot up by P18.15 per liter in 2022, with pump prices ranging from P64.34 to P75.3, depending on the location of fuel stations. Kerosene has also gone up by P27.10 per liter since January. These figures are accurate as of August 23, 2022.
With fuel prices expected to increase significantly next week, motorists are advised to fuel up before Tuesday to save money and avoid price shocks. The timing of this latest price hike seems particularly bad, as many are expecting traffic in Metro Manila and its surrounding areas to worsen to pre-pandemic levels and beyond.
This is due to two reasons: the return of the modified number coding scheme during morning rush hours and millions of students going back to school for face-to-face classes for the first time since 2020.
There’s no telling when the global oil crisis will come to an end. Pandemic after effects as well as the ongoing conflict in eastern Europe are the most commonly cited culprits for record-high fuel prices across the globe. For now, local motorists will have to endure the pain in their pockets until further notice.
Related Articles
Mazda Philippines ushers in a new generation with the 2023 CX-60—Price starts at P2,790,000P0.50 diesel rollback expected, gasoline to go up by P1.40—November 8, 2022Gasoline to roll back P0.35, Diesel to go down by P1.10—October 25, 2022Gasoline up by P1.20 and Diesel gets huge price hike of P6.85 this week—October 11, 2022New House Bill could reduce fuel tax whenever prices go up
Latest News
- Ford brings back Employee Pricing promo this October / NewsShaynah Miranda · Oct 08, 2025Ford Philippines revives its Employee Pricing promo this October with Everest, Explorer, and Bronco deals, offering cash savings and easy financing at employee rates.
- GWM Philippines expands its network with back-to-back dealer signing ceremonies / NewsJerome Tresvalles · Oct 08, 2025Official GWM distributor LAGI expands the GWM dealer network with back-to-back dealer signings in Tarlac and Lucena.
- Suzuki Philippines and DES Strong Motors unite for a cleaner coastline at ICC 2025 / NewsJerome Tresvalles · Oct 06, 2025Suzuki Philippines joins the 2025 International Coastal Cleanup in Bohol, promoting unity and action for a green future.
Popular Articles
- Cheapest cars under P700,000 in the PhilippinesJerome Tresvalles · Sep 02, 2024
- First car or next car, the Ford EcoSport is a tough package to beatJun 18, 2021
- Car Maintenance checklist and guide – here’s everything you need to knowEarl Lee · Jan 12, 2021
- Most fuel efficient family cars in the PhilippinesBryan Aaron Rivera · Nov 27, 2020
- 2021 Geely Okavango — Everything you need to knowJoey Deriquito · Nov 19, 2020
- Family cars in the Philippines with the biggest trunksSep 20, 2023
- Head to head: Toyota Rush vs. Suzuki XL7Joey Deriquito · Oct 28, 2020
- Why oil changes are important for your carEarl Lee · Nov 10, 2020
- 2021 Kia Stonic — What you need to know about itJoey Deriquito · Oct 16, 2020
- Top 7 tips for buying a used car in the PhilippinesJoey Deriquito · Nov 26, 2020
