Big fuel price hike tomorrow, Jan. 29. Gas up PHP 2.80, diesel by PHP 1.30

What we’ve been dreading is – has – been happening. Tomorrow will mark another consecutive day of fuel price hikes, and it’s going to be pretty significant. January 29 brings sad news for all vehicle owners that use fossil fuels as diesel is set to become more expensive by PHP 1.30 per liter, and gasoline by an eye-watering PHP 2.80. Time to fill ’em up, folks!

January gets 4 consecutive fuel price increases

Fuel Price Update January 30 2024 Inline 01 Min

Photo: Seaoil

The first month of the new year has not been kind as far as prices of fuel go. All of January has seen consistent and consecutive increases in gasoline and diesel prices, and while there’s not much we can do about it, those who make use of either type of fuel will feel a pinch. Tomorrow’s increase will be the biggest so far, with gas going up by PHP 2.80, and diesel by PHP 1.30.

 

As always, brands including Unioil, Seaoil, Petro Gazz, Petron, and Shell will update their pumps’ prices at 6:00 AM. The earliest will be at 12:00 AM, and this will be implemented by Caltex. Cleanfuel, on the other hand, will be the last to update, per its usual practice. Those who use this brand will have until mid-afternoon to make the most out of last week’s lower prices before the pumps are updated at 4:01 PM.

Fuel Price Update January 30 2024 Inline 03 Min

Photo: Cleanfuel

The constant flux of fuel prices has leaned towards increases, and at the rate things are going, we could probably expect the same next week. Until that time, it’s always best to get into the practice of conserving fuel, whether gasoline or diesel. Every top-up counts, and with the consistent trend so far, painful. With no certainty on the movement of fuel prices week upon week, we simply have to toughen our guts – and wallets – until a new rollback trend starts, and hopefully, continues.

Mikko Juangco
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