Retail fuel prices will go up again this week, marking the fifth consecutive week of increases in 2026. Starting Tuesday morning, gasoline and kerosene prices will increase by ₱0.60 per liter, while diesel will rise by ₱1 per liter.
Major fuel retailers such as Seaoil, PTT, Jetti, and Caltex will implement the hikes early Tuesday. This continues a steady upward trend that has added pressure on motorists and transport operators.
Industry officials say the latest increase is largely driven by global factors. Jetti president Leo Bellas cited worsening geopolitical tensions, particularly in the Middle East, which affect oil supply. Diesel prices are also being pushed up by weather-related supply issues and Europe’s shift away from Russian fuel. In addition, China is expected to limit diesel exports as domestic demand rises during the Lunar New Year.
Gasoline prices, while generally weaker, are also being supported by rising global crude prices and fears that shipping routes such as the Strait of Hormuz—through which about 20 percent of global oil exports pass—could be disrupted.
Despite the increases, the Department of Energy (DOE) said some fuel companies continue to offer discounts ranging from ₱0.50 to ₱3 per liter for public utility vehicles, as well as loyalty discounts for private motorists. The DOE added it is closely monitoring global oil developments to ensure prices remain fair and comply with the law.
So far this year, fuel prices have posted net increases of ₱3 per liter for gasoline, ₱6.40 for diesel, and ₱4.40 for kerosene. From February 3 to 9, 2026, fuel prices in Metro Manila averaged ₱53.10 per liter for gasoline, ₱56.50 for diesel, and ₱82.25 for kerosene.
