Latest Updates on Fuel Prices in the Philippines – October 31, 2023

In a recent announcement, several major oil companies in the Philippines rolled out mixed price adjustments for fuel products. Here are the latest updates on fuel prices in the PH as of today, October 31, 2023:

Gasoline and Diesel Price Changes

As of 5:42 p.m. on Monday, October 30, prominent players in the industry including Shell, PTT, Jetti Petroleum, Petron, Petro Gazz, Flying V, Phoenix, Caltex, CleanFuel, UniOil, and Seaoil have decided to increase gasoline prices by P0.45 per liter.

In contrast, it’s better news for diesel consumers, as diesel prices are set to decrease by a substantial P1.25 per liter. 

This move comes as part of the ongoing fluctuations in global oil markets, influenced by a variety of factors, including international geopolitical developments and supply and demand dynamics. 

As always, Filipino motorists are advised to stay informed and make wise choices when it comes to their fuel consumption as prices continue to fluctuate.

Kerosene Price Changes

Shell, Seaoil, Petron, Flying V, and Caltex are set to reduce kerosene prices by P1.20 per liter. These price adjustments came into effect today, Tuesday, with some oil companies implementing the changes at the stroke of midnight (12:01 a.m.), while others followed suit at 6 a.m. 

It’s a welcomed relief for those who rely on kerosene for various purposes, as these adjustments can have a notable impact on household budgets. 

Be sure to check with your preferred oil provider for the exact timing of these changes to ensure you’re filling up at the right moment.

Price Data for Your Reference

FLYING V (from 6 a.m.)

Gasoline – P0.45/L increase

Kerosene – P1.20/L decrease

Biodiesel – P1.25/L decrease

CALTEX (from 12:01 a.m.)

Gasoline – P0.45/L increase

Kerosene – P1.20/L decrease

Diesel – P1.25/L decrease

CLEANFUEL (from 12:01 a.m.)

Gasoline – P0.45/L increase

Diesel – P1.25/L decrease

UNIOIL, JETTI PETROLEUM, PTT, PETRO GAZZ, PHOENIX PETROLEUM (from 6 a.m.)

Gasoline – P0.45/L increase

Diesel – P1.25/L decrease

Prepare for All Saints’ and All Souls’ Day

As the much-anticipated All Saints’ Day approaches, a massive exodus of motorists is on the horizon, ready to journey to their hometowns and visit the resting places of their dearly departed. 

This annual tradition draws millions of Filipinos to cemeteries, paying their respects and honoring their ancestors. What adds a unique twist to this year’s Undas is that it marks the first time Filipinos will observe this tradition without the shadow of a COVID-19 state of emergency, following President Ferdinand Marcos Jr.’s recent decision to lift the restrictions.

With a long weekend in the cards, residents of Metro Manila (and other major cities like Cebu and Davao) might find the roads a tad less congested than usual. It’s an excellent opportunity to savor a respite from the daily grind, both for those paying respects to their ancestors and those enjoying a well-deserved break.

While on the road, consider these fuel-saving tips to make the most of your journey:

1. Maintain your vehicle: Regular tune-ups, properly inflated tires, and a clean air filter can significantly improve fuel efficiency.
2. Plan your route: Avoid traffic and save fuel by planning your route in advance, taking less congested roads.
3. Carpool or use public transport: Sharing a ride or opting for public transportation can reduce your carbon footprint and fuel expenses.
4. Drive efficiently: Avoid aggressive driving, excessive idling, and excessive speeding, as these habits can lead to increased fuel consumption.

With these tips in mind, you can make the most of your journey, honoring tradition and saving fuel along the way. Have a great time, everyone!