Economy

Six Weeks Straight: Gas and Diesel Prices Going Up Again on Tuesday — Blame US-Iran Tensions

Tabloid PH Newsdesk

Feb 23, 2026 — 1 min read

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Brace your wallets, mga motorista — fuel prices are going up for the SIXTH consecutive week. Shell, Cleanfuel, Seaoil, and Petrogazz have all announced price hikes effective Tuesday, February 24.

Gasoline will increase by ₱0.60 per liter, while diesel and kerosene will both jump by ₱1.20 per liter. The adjustments are driven by continuing geopolitical tensions between the US and Iran, which are keeping global oil markets on edge.

Last week, oil companies already raised gasoline by ₱1.20 per liter and diesel and kerosene by ₱0.60 per liter. Six straight weeks of increases means drivers and commuters have been feeling the cumulative pinch since mid-January.

The persistent fuel price hikes come at a particularly bad time, with the Philippines already dealing with the ripple effects of Trump’s new 15 percent global tariff and a sluggish economic outlook. Higher fuel costs directly translate to higher transport fares and more expensive goods.

For now, there’s no sign of relief in sight as long as US-Iran tensions simmer. If you’re planning to fill up, better do it before Tuesday. Mag-full tank na kayo habang maaga pa!

Source: The Manila Times

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