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Motorists line up to buy fuel at a gas station in Mandaluyong City on March 22, 2022. Oil firms implemented price rollbacks today after price hikes the last 11 weeks. George Calvelo, ABS-CBN News

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Alvin Elchico

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px;display:block" width="960"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/177120487255720260216010216_8ec73c428a05fb64ffce43f5ca7402ac0cc8d1bae2e3f7d2ebda68ea04d7a15c.jpg" style="width:960px" class="fr-fic fr-dib" width="960"/><span class="fr-inner" style="text-align:left">Motorists line up to buy fuel at a gas station in Mandaluyong City on March 22, 2022. Oil firms implemented price rollbacks today after price hikes the last 11 weeks. George Calvelo, ABS-CBN News</span></span></span></div><p>MANILA — Gasoline prices are going up by more than a peso in the third week of February. </p><p>The prices of diesel and kerosene are also climbing this week. </p><p>Petroleum companies announced the following price hikes effective Tuesday, February 17: </p><div> </div><div><strong>SHELL PILIPINAS, SEAOIL, CALTEX (effective 6 a.m.)</strong></div><p>• Gasoline - P1.20/L increase • Diesel - P0.60/L increase • Kerosene - P0.60/L increase</p><div> </div><div><strong>CLEANFUEL (effective 4:01 p.m.)</strong></div><p>• Gasoline - P1.20/L increase • Diesel - P0.60/L increase</p><div> </div><div><strong>PETROGAZZ, UNIOIL, PTT PHILIPPINES (effective 6 a.m.)</strong></div><p>• Gasoline - P1.20/L increase • Diesel - P0.60/L increase</p><div> </div><p>The Department of Energy said the main reason for the upward adjustment is still geopolitical tension between the US and Iran, as well as potential supply threats in the Strait of Hormuz.</p><p>These factors create anxiety on the market, pushing oil prices upward.</p><p>In the Philippines, this is already the 7th straight week of price hikes totalling P7/liter while the net increase for gasoline and kerosene have already reached P4.20/liter and P5.00/liter respectively.</p><p>In terms of retail prices, there are still gas stations that sell diesel at less than P50/liter, although many are selling the products at almost P70/liter:</p><div> </div><div><strong>Price range from February 10-16:</strong></div><p>Diesel        P48-P68/L</p><p>Gasoline    P50-P76/L</p><p>Kerosene    P76-P97/L</p><div> </div><p>The DOE explained that fuel products in the Philippines are all imported, which is why the government cannot order oil firms to suspend the series of upward adjustments.</p><p>But drivers of public utility vehicles have no recourse at this time, as the Land Transportation Franchising and Regulatory Board (LTFRB) has yet to decide on its fare hike petition.</p><p>Meanwhile the fuel subsidy will not be distributed as Dubai crude prices have not yet reached the $80/barrel level.</p>

Gasoline up by more than P1 in 3rd week of February

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Gasoline up by more than P1 in 3rd week of February

Alvin Elchico,

ABS-CBN News

Published February 16, 2026 09:22 AM PHT

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Updated February 16, 2026 05:47 PM PHT

Read More:

gasoline

kerosene

diesel

presyo ng gas

gasolina

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