Fuel price INCREASE tomorrow, June 18, bad news for gas, even worse news for diesel

Celebrations and hopes for a streak of fuel price rollbacks are ending very quickly. By tomorrow, June 18, the prices of both gasoline and diesel are going up, with the latter getting a more significant increase. Last week saw a reduction of prices per liter but this week brings pretty bad news for users of both fuel types as they go up by PHP 0.85USD 0.01INR 1EUR 0.01CNY 0.11 and PHP 1.75USD 0.03INR 3EUR 0.03CNY 0.22, respectively.

Pretty big fuel price hike scheduled for tomorrow

Fuel Price Update June 18 2024 Inline 01 Min

Photo: Seaoil

Splits in fuel price adjustments have become the “norm” in the past months, with one going up while the other goes down. The most recent and simultaneous rollback came last week when prices went down, but tomorrow’s increase will more than recoup last week’s decrease. As mentioned, expect gasoline to go up by PHP 0.85USD 0.01INR 1EUR 0.01CNY 0.11 and diesel by PHP 1.75USD 0.03INR 3EUR 0.03CNY 0.22.

Fuel Price Update June 18 2024 Inline 02 Min

Photo: PetroGazz

Most brands will adjust their fuel prices as the clock strikes 6:00 AM. Stations of Caltex, Shell, Petron, Seaoil, UniOil, and many others will reflect the updated prices per liter by the time mentioned above. While the majority will increase early, Cleanfuel will do so later in the day, per its usual practice. They will be applying the price hike at 4:00 PM.

Fuel Price Update June 18 2024 Inline 03 Min

Photo: Cleanfuel

A lot of people will likely be using a lot of fuel given that we have a long weekend coming up, and with that comes a high possibility of having to gas up to a full tank. That said, here are some fuel-saving tips that we’ve compiled so you can help improve your consumption until the next fuel price rollback comes along.

We hope you all had a restful weekend, folks. And like you, we totally lament tomorrow’s horrid news for fuel prices.

Mikko Juangco
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