Fuel prices slightly up, but US-Venezuela tensions threaten bigger hikesMANILA, Philippines — Fuel prices open 2026 with mixed adjustments, as diesel and kerosene prices slightly rise while gasoline becomes a bit cheaper starting Tuesday, January 6. Motorists can expect a P0.20-per-liter hike in diesel prices and a P0.10 increase in kerosene this week, while gasoline prices will be cut by P0.10 per liter. Jetti Petroleum President Leo Bellas said last week that the small movements in diesel and gasoline prices were due to increased refinery output following the completion of scheduled maintenance. In the final fuel price adjustment of 2025, diesel and kerosene increased by P0.60 per liter, while gasoline remained unchanged. The year closed with cumulative price hikes exceeding P20 per liter for gasoline and diesel, and nearly P6 per liter for kerosene.

Source: Philippine Star January 05, 2026 08:57 UTC