Oil firms to raise fuel prices again on Feb. 3Fuel prices go up again Tuesday, Feb. 3, 2026 with gasoline, diesel and kerosene all increasing. 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. Last week, oil firms also raised prices, with gasoline up by P0.40 per liter, kerosene by P0.80, and diesel by P1.40. Media reports said global oil prices surged last week after Donald Trump escalated geopolitical tensions by threatening military action against Iran.

Source: Philippine Star February 02, 2026 13:41 UTC