Diesel, gas prices going up anew today

MANILA, Philippines, February 10 ------ Major oil firms are set to raise fuel prices again today, with diesel and kerosene hitting their seventh straight week of increases.

In separate advisories, Jetti, Seaoil, Petron, Caltex and PTT Philippines announced upward price movements of P1 per liter for diesel and P0.60 per liter for gasoline and kerosene. Diesel and kerosene prices have been climbing weekly since Dec. 30, 2025, while gasoline has been on an upward trend since mid-January.

With the latest adjustments, the year-to-date net increase for gasoline, diesel and kerosene prices stands at P3, P6.40 and P4.40 per liter, respectively. In a statement yesterday, the Department of Energy said global oil prices remained volatile, as no firm agreement has been reached to ease tensions between the United States and Iran.

US commercial crude inventories also fell by 3.5 million barrels to 420.3 million barrels as of Feb. 4, further tightening global supply, according to Energy Information Administration data. “Diesel prices have found support from weather-related supply and demand issues, as well as the continued geopolitical tension in the Middle East that directly affects supply dynamics at a time when Europe is moving away from Russian-origin supplies,” Jetti president Leo Bellas said. He added that fuel prices also increased amid mounting fears of disruption to oil flows in the Strait of Hormuz, a key trade route for about 20 percent of the world’s oil and gas supply.

Last week, gasoline, diesel and kerosene prices went up by P0.80, P1.60 and P1.10 per liter, respectively.

Source: philstar.com