Fresh off the first fuel price rollback of 2022, oil companies are preparing for another price hike on Tuesday morning, March 29, 2022. A forecast made by Unioil Petroleum Philippines this weekend indicated a possible price increase for the period of March 29 to April 4, 2022, with diesel possibly increasing by P8 to P8.30 per liter and gasoline by P2.90 to P3.10 per liter.
The actual price hike set for Tuesday is more than what Unioil predicted, with an increase in per-liter prices of gasoline by ₱3.40 and diesel by ₱8.65 beginning 6 AM. Cleanfuel, Petro Gazz, Seaoil, and Total have issued separate advisories confirming the price hike.
The successive oil price hikes have had debilitating effects on the economy, as citizens currently face record-high pump prices with no clear end in sight. Major contributors to the skyrocketing fuel costs include the conflict in eastern Europe and the threat of COVID-19.
The Philippine government has explored several measures to mitigate the effects of high fuel prices. Planned oil subsidies for public utility vehicles (PUV) drivers could start next month, with Quezon City already taking the lead by handing out gas vouchers for tricycle drivers. Other measures, including the promotion of work from home (WFH) setups and four-day workweeks, have failed to gain traction with the national government.
Fuel price hike set for March 29, 2022
Diesel prices will increase by P8.65 per liter, while gasoline will go up by P3.40 per liter.
Autodeal on Mar 28, 2022You are here:HomeLatest StoriesNewsFuel price hike set for March 29, 2022
Fresh off the first fuel price rollback of 2022, oil companies are preparing for another price hike on Tuesday morning, March 29, 2022. A forecast made by Unioil Petroleum Philippines this weekend indicated a possible price increase for the period of March 29 to April 4, 2022, with diesel possibly increasing by P8 to P8.30 per liter and gasoline by P2.90 to P3.10 per liter.
The actual price hike set for Tuesday is more than what Unioil predicted, with an increase in per-liter prices of gasoline by ₱3.40 and diesel by ₱8.65 beginning 6 AM. Cleanfuel, Petro Gazz, Seaoil, and Total have issued separate advisories confirming the price hike.
The successive oil price hikes have had debilitating effects on the economy, as citizens currently face record-high pump prices with no clear end in sight. Major contributors to the skyrocketing fuel costs include the conflict in eastern Europe and the threat of COVID-19.
The Philippine government has explored several measures to mitigate the effects of high fuel prices. Planned oil subsidies for public utility vehicles (PUV) drivers could start next month, with Quezon City already taking the lead by handing out gas vouchers for tricycle drivers. Other measures, including the promotion of work from home (WFH) setups and four-day workweeks, have failed to gain traction with the national government.
Many have called for the suspension or abolition of the excise tax on fuel. However, some economic groups have warned against the measure, citing a possible negative effect on the country’s more marginalized sectors. The excise tax funds essential services and government benefits for the lower income brackets, and replacing the lost revenue could be a tall order at the moment.
Despite that, it’s clear that people are clamoring for relief from the government amid the continuous rise of pump prices. It’s challenging to predict when gas prices could normalize, as that depends on many factors, including peace in Europe and the end of the pandemic. With gasoline and diesel likely going up again next week, motorists might have to tighten their belts for a while longer.
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, 2022Gasoline rolls back P0.40, diesel by P0.45—October 4, 2022
Latest News
- Hyundai unveils the updated Stargazer MPV / NewsJerome Tresvalles · Oct 14, 2025The 2026 Hyundai Stargazer has landed in the Philippines with a fresh look, improved cabin, and upgraded tech features.
- Nissan teases its future product line at the Japan Mobility Show / NewsShaynah Miranda · Oct 14, 2025Nissan gives a look at what’s coming with the all-new LEAF and other future-ready vehicles at this year’s show.
- 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.
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
