Various Philippine oil companies have announced the first fuel price rollbacks of 2022. The rollbacks are set to go into effect on Tuesday morning, March 22. It’s set to be the first time pump prices decrease after 11 straight weeks of weekly price hikes.
In separate advisories, Caltex, Cleanfuel, Petro Gazz, Pilipinas Shell, Seaoil, Total, and Unioil all announced rollbacks of P5.45 for gasoline and P11.45 for diesel by 6 AM on Tuesday. Caltex, Seaoil, Shell, and Unioil will also cut kerosene prices by P8.55 per liter on the same day.
Despite the welcome price drops, they are not enough to offset the exorbitant price hikes seen for the past 11 weeks. Data from the Department of Energy (DOE) indicates that as of March 15, the year has seen gasoline prices go up by P20.35 per liter and diesel by P30.65 per liter. Kerosene has also risen by P24.90 in 2022.
It’s not clear if the coming rollbacks will continue into the year, as global oil prices continue to be volatile amid the COVID-19 pandemic and the conflict in eastern Europe. As of press time, the price of oil is hovering at around $108 USD per barrel. Getting that figure below the century mark could go a long way towards normalizing fuel prices at the pump.
In the meantime, the Philippine government has been exploring emergency measures to mitigate the effects of high gas prices. President Duterte is set to decide today, March 21, on whether to implement a four-day workweek system. Under that plan, workers would go to work for four days each week, with hours going up from eight to ten each workday.
First fuel price rollbacks of 2022 set for March 22
Gasoline is set to go down by P5.45, diesel by P11.45, and kerosene by P8.55.
Autodeal on Mar 21, 2022You are here:HomeLatest StoriesNewsFirst fuel price rollbacks of 2022 set for March 22
Various Philippine oil companies have announced the first fuel price rollbacks of 2022. The rollbacks are set to go into effect on Tuesday morning, March 22. It’s set to be the first time pump prices decrease after 11 straight weeks of weekly price hikes.
In separate advisories, Caltex, Cleanfuel, Petro Gazz, Pilipinas Shell, Seaoil, Total, and Unioil all announced rollbacks of P5.45 for gasoline and P11.45 for diesel by 6 AM on Tuesday. Caltex, Seaoil, Shell, and Unioil will also cut kerosene prices by P8.55 per liter on the same day.
Despite the welcome price drops, they are not enough to offset the exorbitant price hikes seen for the past 11 weeks. Data from the Department of Energy (DOE) indicates that as of March 15, the year has seen gasoline prices go up by P20.35 per liter and diesel by P30.65 per liter. Kerosene has also risen by P24.90 in 2022.
It’s not clear if the coming rollbacks will continue into the year, as global oil prices continue to be volatile amid the COVID-19 pandemic and the conflict in eastern Europe. As of press time, the price of oil is hovering at around $108 USD per barrel. Getting that figure below the century mark could go a long way towards normalizing fuel prices at the pump.
In the meantime, the Philippine government has been exploring emergency measures to mitigate the effects of high gas prices. President Duterte is set to decide today, March 21, on whether to implement a four-day workweek system. Under that plan, workers would go to work for four days each week, with hours going up from eight to ten each workday.
There are also plans to encourage work from home (WFH) setups among the country’s largest companies. A possible suspension of the excise tax on fuel has been thumbed down by the economic sector, however, as they say, it could deprive the lower economic brackets of getting essential services and benefits. In light of that, the government is working on getting fuel subsidies to public utility vehicle (PUV) drivers as soon as next month.
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
- JETOUR Auto Philippines joins UAAGI brand portfolio / NewsAutodeal · Oct 13, 2025Renowned automotive powerhouse UAAGI continues to expand its lineup as it officially welcomes JETOUR Auto Philippines to its portfolio.
- Isuzu Philippines provides aid to earthquake-stricken San Remigio, Cebu / NewsJerome Tresvalles · Oct 13, 2025Isuzu Philippines and its partner Iconidc Dealership Inc. deliver relief goods to 200 families in San Remigio, Cebu.
- Kia reminds car owners to book PMS ahead of holiday trips / NewsShaynah Miranda · Oct 13, 2025Kia PH promotes early PMS booking with affordable service, longer intervals, and 35 service centers nationwide.
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
