Major oil companies operating in the Philippines have announced a significant adjustment in fuel prices, set to take effect on Tuesday, February 10, 2026. This development comes as a response to ongoing global market fluctuations and will impact consumers across the nation.
Specific Price Adjustments Announced
In their respective advisories, leading industry players including Pilipinas Shell, Seaoil, Cleanfuel, Caltex, and Petrogazz confirmed the impending changes. The adjustments are as follows:
- Diesel: An increase of P1.00 per liter.
- Gasoline: An increase of P0.60 per liter.
- Kerosene: An increase of P0.60 per liter.
These new rates will be implemented starting at 6:00 AM on the specified date, affecting both retail and commercial consumers.
Context and Recent Trends
This price hike is part of a broader trend observed over the past two weeks. During this period, diesel prices have already seen a cumulative increase of P3.00 per liter, highlighting a sustained upward movement in petroleum costs. The consistent rises are attributed to factors such as international crude oil price shifts, geopolitical tensions, and supply chain dynamics.
Consumers are advised to plan their fuel purchases accordingly, as these increases may lead to higher transportation and operational expenses. The oil companies have emphasized that these adjustments are necessary to align with global market conditions and ensure a stable supply in the Philippine market.
