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February 2, 2026 | 6:34pm
Fuel prices go up again Tuesday, Feb. 3, 2026 with gasoline, diesel and kerosene all increasing.
Engin Akyurt via Unsplash
MANILA, Philippines — Oil companies will raise pump prices on Tuesday, February 3, marking another round of increases in the first week of February.
In separate advisories issued Monday, February 2, oil firms said prices will go up across all fuel products.
The adjustments are as follows:
- Gasoline: +P0.80 per liter
- Diesel: +P1.60 per liter
- Kerosene: +P1.10 per liter
Shell, SeaOil, PetroGazz, PTT, Jetti, and Unioil will implement the price adjustments at 6 a.m. Caltex will apply its increase at 6:01 a.m.
CleanFuel said it will implement its price adjustment at 4:01 p.m. on Tuesday.
Last week, oil firms also raised prices, with gasoline up by P0.40 per liter, kerosene by P0.80, and diesel by P1.40.
Fourth straight hike
This week’s adjustment marks the fourth consecutive fuel price hike in 2026.
Media reports said global oil prices surged last week after Donald Trump escalated geopolitical tensions by threatening military action against Iran.
The Department of Energy also cited a winter storm in the United States and a power disruption in Kazakhstan as factors that pushed crude prices higher.
