Fuel prices are expected to go up for the fourth straight week, adding to transport and living costs for consumers and higher operating expenses for businesses.
Jetti Petroleum Inc. said gasoline prices may increase by ₱0.60 to ₱0.80 per liter this Tuesday, while diesel could rise by ₱1.50 to ₱1.70 per liter. Kerosene prices are also expected to increase by up to ₱0.45 per liter, based on the Department of Energy’s (DOE) price monitoring.
The company said the price hikes are driven mainly by global factors, including rising tensions in the Middle East, new sanctions on Iran, supply disruptions in Kazakhstan, and reduced oil and gas output due to severe winter weather in the United States. Diesel prices are also being pushed up by tighter global supply linked to Europe’s ban on refined fuel products from Russian-origin crude.
These increases come on top of last week’s price hike of ₱0.40 per liter for gasoline, ₱1.40 for diesel, and ₱0.80 for kerosene. So far this year, gasoline prices have gone up for three straight weeks, while diesel and kerosene have risen for four consecutive weeks.
Since the start of the year, fuel prices have climbed by a total of ₱1.60 per liter for gasoline, ₱3.80 for diesel, and ₱2.70 for kerosene. As of thebweek ended February 2, 2026, fuel prices in Metro Manila average ₱55.50 per liter for gasoline, ₱54.90 for diesel, and ₱81.15 for kerosene.
Higher fuel prices are expected to hit households through more expensive transport, food, and electricity costs. Businesses, especially those in transport, logistics, and manufacturing, may also face higher operating expenses, which could eventually be passed on to consumers through higher prices.
