In a significant development affecting consumers nationwide, the Philippines is bracing for another round of fuel price increases, marking the seventh consecutive week of hikes. Major oil companies have issued advisories confirming the adjustments, set to take effect on Tuesday, February 24, 2026.
Details of the Price Adjustments
According to official statements from leading industry players, including Pilipinas Shell Petroleum Corporation, Cleanfuel, PetroGazz, PTT Philippines, Caltex Philippines, and Seaoil Philippines, the following price increases will be implemented:
- Diesel: A rise of P1.20 per liter
- Kerosene: An increase of P1.20 per liter
- Gasoline: A hike of P0.60 per liter
These adjustments are scheduled to commence at 6:00 AM on the specified date, impacting transportation costs and household budgets across the country.
Root Causes Behind the Surge
The Department of Energy–Oil Industry Management Bureau (DOE-OIMB) has attributed this latest price surge to a combination of escalating geopolitical tensions. These global factors are driving up crude oil prices, which in turn affect local fuel markets. The ongoing instability in key oil-producing regions has contributed to the persistent upward trend, making this the seventh week in a row of increases.
This series of hikes underscores the vulnerability of the Philippine economy to external shocks and highlights the need for strategic energy policies. Consumers are advised to plan accordingly as the cumulative effect of these consecutive increases may lead to higher costs for goods and services.
