Filipino consumers are set to face another round of pain at the pump this week, with oil companies announcing a substantial increase in fuel prices. The hike, driven by ongoing geopolitical tensions affecting global supply, will take effect on Tuesday, January 20.
Details of the Upcoming Price Adjustment
In an advisory released on Monday, leading oil firm Seaoil announced the specific adjustments. Diesel prices will increase by a significant PHP2.00 per liter, while gasoline prices are set to rise by PHP1.00 per liter. The new prices will be implemented starting at 6 a.m. on January 20, 2026.
Kerosene, a vital commodity for many households and industries, is also included in this week's upward trend. Its price is scheduled to go up by PHP1.50 per liter.
A Pattern of Consecutive Increases
This latest announcement continues a worrying trend for the Philippine market. The increase for diesel marks the fourth consecutive week that its price has climbed. Similarly, this will be the second week in a row of higher prices for gasoline. Kerosene is also experiencing its fourth straight week of price hikes, putting consistent pressure on consumers and businesses reliant on these fuels.
Geopolitical Factors Driving the Surge
The primary drivers behind these repeated increases are international events far from Philippine shores. Industry analysts point to renewed supply concerns stemming from developments in the Middle East as a major factor. Furthermore, the prolonged and unresolved Russia-Ukraine conflict continues to destabilize global energy markets, contributing to volatility and higher benchmark prices that directly affect local pump rates.
The cumulative effect of these weekly increases is expected to significantly impact transportation costs, logistics, and the prices of basic goods, adding to the inflationary pressures felt across the country. Commuters, public utility vehicle operators, and the agricultural and manufacturing sectors are likely to feel the immediate brunt of this latest adjustment.
