Gas up by P0.60; diesel, kerosene by P1.20

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February 24, 2026 | 12:00am

MANILA, Philippines — February ends with another round of fuel price increases, extending the upward trend that has continued since the start of the year.

Starting today, Jetti, Seaoil, Petron, PTT Philippines and Caltex are set to implement an upward price adjustment of P0.60 per liter for gasoline and P1.20 per liter for diesel and kerosene.

The adjustment brings the year-to-date net rise for gasoline, diesel and kerosene prices to P4.80, P8.20 and P6.20 per liter, respectively.

Domestic pump prices continue to climb amid persistent volatility in the global oil market, driven by escalating geopolitical tensions, the Department of Energy said yesterday.

The DOE pointed to rising tensions between the United States and Iran, as well as the ongoing conflict between Ukraine and Russia.

Also exerting upward pressure on prices was the drawdown on US commercial crude oil inventories, which indicated tightening supply in the near term.

Amid rising fuel costs, the DOE said some retail stations are offering discounts of P0.50 to P3 for public utility vehicles, with loyalty discounts available for private motorists.

Last week, oil firms raised prices of gasoline by P1.20 per liter and diesel and kerosene by P0.60 per liter.