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Fuel price hikes seen next week

Brix Lelis - The Philippine Star

January 24, 2026 | 12:00am

Based on the four-day trading in the Mean of Platts Singapore, local industry experts indicated a potential price increase of P1.20 to P1.40 per liter for diesel and P0.30 to P0.50 per liter for gasoline next week.

Philstar.com / Irra Lising

MANILA, Philippines — January is set to close with another price hike at the pump, as geopolitical risks and stronger demand drive global oil prices higher.

Kerosene prices, meanwhile, could climb by around P0.45 per liter.

This estimate does not yet include oil firms’ operating costs and other premiums.

Final price adjustments will be announced on Monday and will take effect the following day.

FUEL

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