Fuel Prices Set for Another Increase on Tuesday, Continuing Weekly Trend
Oil prices in the Philippines are scheduled to rise again on Tuesday, January 27, 2026, marking the third consecutive week of increases for gasoline and the fourth for diesel and kerosene since the beginning of the year. This announcement was made by an oil firm on Monday, January 26, citing ongoing supply issues and geopolitical tensions as primary drivers.
Specific Price Adjustments Announced
In a detailed advisory released on Monday, Seaoil confirmed the following price hikes, effective from 6 a.m. on Tuesday:
- Gasoline: Increase of PHP0.40 per liter
- Diesel: Increase of PHP1.40 per liter
- Kerosene: Increase of PHP0.80 per liter
These adjustments come as a surprise to many consumers and analysts, who had anticipated a supply surplus in the first quarter of 2026, potentially leading to price stability or even decreases.
Factors Behind the Volatile Fuel Market
The persistent price upticks are attributed to a combination of near-term supply disruptions and broader geopolitical uncertainties. According to Jetti Petroleum President Leo Bellas, the volatility in fuel prices stems from several key factors:
- Production halts in two major oilfields in Kazakhstan, reducing global supply.
- Export constraints in the Black Sea region, affecting distribution channels.
- Optimism in China's economic demand, which is driving up consumption forecasts.
- Ongoing geopolitical issues in the Middle East, contributing to market instability.
These elements have collectively countered earlier projections of a surplus, leading to sustained price pressures that are impacting Filipino consumers directly.
Impact on Consumers and the Economy
The consecutive weekly increases in fuel prices are likely to have ripple effects across various sectors of the Philippine economy. Higher transportation costs may lead to increased prices for goods and services, affecting household budgets and business operations. This trend underscores the interconnected nature of global oil markets and local economic conditions, highlighting the need for consumers to stay informed about such developments.
As the situation evolves, stakeholders are advised to monitor further announcements from oil firms and industry experts for updates on potential future adjustments.
