BUSINESS
Advocates Philippines
Fuel Prices Set To Rise Again: Gas, Diesel, Kerosene To Cost More
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Motorists in the Philippines will feel the pinch once again at the pump starting Tuesday, February 24, 2026, as major oil companies roll out another round of price increases.
Under the latest adjustment:
• Gasoline will go up by ₱0.60 per liter
• Diesel will rise by ₱1.20 per liter
• Kerosene will also increase by ₱1.20 per liter
Most retailers will implement the new rates starting around 6 a.m., though some may adjust prices later in the day.
This marks the seventh consecutive weekly increase for gasoline and the ninth straight week of hikes for diesel and kerosene, a trend that continues to impact household budgets and business costs.
Since the start of the year, fuel costs have climbed significantly, with diesel up by around ₱8 per liter, kerosene up by about ₱6, and gasoline nearly ₱5 higher, according to industry reports.
Experts point to ongoing global market pressures, particularly geopolitical tensions in the Middle East and Eastern Europe, which have added risk premiums to crude oil and kept local pump prices elevated.
For daily commuters and families relying on public transport, these increases mean tighter budgeting ahead, as transport and delivery costs also edge higher.
Motorists are advised to plan accordingly and stay updated on further adjustments in the coming weeks.
Under the latest adjustment:
• Gasoline will go up by ₱0.60 per liter
• Diesel will rise by ₱1.20 per liter
• Kerosene will also increase by ₱1.20 per liter
Most retailers will implement the new rates starting around 6 a.m., though some may adjust prices later in the day.
This marks the seventh consecutive weekly increase for gasoline and the ninth straight week of hikes for diesel and kerosene, a trend that continues to impact household budgets and business costs.
Since the start of the year, fuel costs have climbed significantly, with diesel up by around ₱8 per liter, kerosene up by about ₱6, and gasoline nearly ₱5 higher, according to industry reports.
Experts point to ongoing global market pressures, particularly geopolitical tensions in the Middle East and Eastern Europe, which have added risk premiums to crude oil and kept local pump prices elevated.
For daily commuters and families relying on public transport, these increases mean tighter budgeting ahead, as transport and delivery costs also edge higher.
Motorists are advised to plan accordingly and stay updated on further adjustments in the coming weeks.
Feb 23, 2026
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