![Gasoline prices down, diesel prices up starting May 31](/_next/image?url=https%3A%2F%2Fautomart-dev-staging-assets.sgp1.digitaloceanspaces.com%2F96ba8b9a28dfe27d2bad1167c462492b.jpg&w=3840&q=75)
Gasoline prices down, diesel prices up starting May 31
Updated on September 04 2024
By VJ Bacungan, for Automart.PH
METRO MANILA, – Owners of gasoline cars can breathe a sigh of relief as the price of unleaded fuel is expected to go down on May 31, 2022.
In a May 30, 2022 Facebook post, Cleanfuel said it will implement a rollback of P1.70 per liter by 8:01 a.m. tomorrow.
Meanwhile, Unioil said in a May 30, 2022 Facebook post that it will also lower prices of unleaded by P1.70 per liter by 6 a.m. tomorrow.
Both companies added that they will implement an increase of P1.20 per liter for diesel.
![Automart infographic for fuel prices](https://blogadmin.automart.ph/content/images/2022/05/1500_petrolium_price_advisory_automart-.jpg)
Oil prices worldwide have jumped significantly since Russia initiated a military invasion of Ukraine in February 2022.
Russia holds a 12-percent share of the global oil market, exporting up to 6.5 million barrels per day, according to a March 2022 report by multinational bank JPMorgan Chase & Co.