MANILA, Philippines — Filipino motorists will face another round of price increases at the pump as fuel companies announced a fresh hike in petroleum products set to take effect on Tuesday, January 27, 2026.
This marks the fifth consecutive week of rising fuel costs since the start of the year, driven by persistent volatility in the global oil market and geopolitical tensions affecting supply chains.
Price Adjustments Based on the final announcements from various oil firms, the price per liter for the following products will increase as follows:
- Diesel: Increase of P1.10 to P1.40 per liter.
- Gasoline: Increase of P0.80 to P1.05 per liter.
- Kerosene: Increase of P0.95 to P1.20 per liter.
Global Market Drivers Industry analysts point to several international factors for the sustained upward trend in local pump prices:
- Inventory Shrinkage: Unexpectedly sharp declines in U.S. crude inventories have tightened global supply outlooks.
- Geopolitical Risk: Ongoing uncertainty in the Middle East and shifting trade policies in major economies continue to add a “risk premium” to crude oil trading.
- OPEC+ Compliance: Strict adherence to production cuts by major oil-exporting nations has successfully kept a floor under global prices, even amid fluctuating demand.
Impact on Consumers The cumulative effect of five weeks of hikes is beginning to weigh on the transport and logistics sectors.
- Transport Groups: Several jeepney and TNVS (Transport Network Vehicle Service) groups have signaled that they may soon petition for a fare adjustment if the price of diesel continues its upward trajectory toward the P70-per-liter mark.
- Inflationary Pressure: Economic managers are closely monitoring fuel prices, as sustained increases in energy costs often lead to a “knock-on” effect on the prices of basic food items and services.
Department of Energy Monitoring The Department of Energy (DOE) remains in coordination with local oil firms to ensure a stable supply and to verify that the price adjustments accurately reflect movements in the Mean of Platts Singapore (MOPS), the regional pricing benchmark.
Motorists are advised to fill up their tanks before the new rates are implemented, which typically occurs at 6:00 AM on Tuesday for most major brands, while some “independent” players may adjust their prices as early as 12:01 AM.