Oil firms extend price hike in MarchInitial indications point to a potential price hike of P1.40 to P1.60 per liter for gasoline and P0.80 to P1 per liter for diesel, according to local industry sources. Initial indications point to a potential price hike of P1.40 to P1.60 per liter for gasoline and P0.80 to P1 per liter for diesel, according to local industry sources. Kerosene prices, meanwhile, could climb by around adjustment potentially higher once oil firms’ operating costs and other premiums are factored in. These contributed to the upward direction of petroleum product prices,” Romero said. Earlier this week, gasoline prices went up by P0.60 per liter, while diesel and kerosene increased by P1.20 per liter.

Source: Philippine Star February 28, 2026 08:58 UTC