Fuel Price Philippines and a Guide Towards Its Factors

Fuel Price Philippines and a Guide Towards Its Factors
3 min read

Introduction

Fuel prices are a big deal in the Philippines, and not just for the poor. If you travel often, you'll be able to save money on gas by switching to E85. You can also check out advice from our experts on how to stay informed about fuel prices before making a trip back home.

Fuel Price In Philippines

The average price of fuel in the Philippines is ₱43.87 per liter, which means that you can expect to pay around ₱3,000 for a full tank of gas (₱1 litre). If you're planning on driving around Manila or one other big city, you'll be fine. But if you're going to be out on long trips and want to avoid unnecessary expenses like food and lodging while traveling. Here we will further read about Fuel Price Philippines.

Philippine Airlines Fuel Surcharge

The amount varies depending on your destination, but usually ranges anywhere from P5 to P20 per person (depending on whether you're flying economy or business class). This means that if you're flying from Manila to Hong Kong, for example, your total will be between P150 ($3) and P350 ($6).

Gas Price In Philippines 2018

The current gas price in the Philippines is Php40.19 per liter, which is more than double that of America and Canada. The reason for this is that we have a lot of oil reserves here in the country and as such, we need to import it from other countries like Saudi Arabia, Venezuela and Russia. Furthermore, our fuel prices are also affected by international oil prices (which have risen over time) as well as local economic conditions such as inflation rates or currency exchange rates between countries like the USA vs Philippines etc.

Oil Prices In Philippines

The price of oil in the Philippines is determined by the global market and fluctuates daily.

The current average price for gasoline (E10) in Metro Manila is PHP 13.50 per liter, while in Cebu it’s PHP 12.30 per liter and in Davao City it’s PHP 11.60 per liter.

Fuel Cost In Philippines

  •   Fuel cost in the Philippines.
  •   Philippine Airlines fuel surcharge.
  •   Gas prices in the Philippines 2018.
  •   E10 gas price philippines 2018.
  •   Oil prices in the Philippines.

Conclusion

Fuel price in Philippines is a big issue. It affects both Filipinos and tourists, who often rely on their vehicles to get around the island and explore its many attractions. In this blog post, we’ll take a look at what factors affect prices like gas taxes, taxes on oil products used by motorists, and how those costs might be changing over time.

 

In case you have found a mistake in the text, please send a message to the author by selecting the mistake and pressing Ctrl-Enter.
Comments (0)

    No comments yet

You must be logged in to comment.

Sign In / Sign Up