The integration of surfactants and nanoparticles in emulsion formulations has attracted significant attention due to their potential synergistic effects, improving stability and enabling the development of stimuli-responsive materials. The objective of this study was to investigate the stability, bulk rheological, and magnetorheological properties of oil in water (o/w) emulsions, composed of Fe₃O₄ kerosene-based ferrofluids dispersed in surfactant solutions (hexadecylpyridinium chloride, and nonylphenol polyethoxylate—ethylene oxide = 40, known as Tergitol NP-40), as a function of concentration and nature of the emulsifying agents. The results demonstrated the formation of stable systems (>2 months), featuring an average droplet size below 4 μm, with the primary stabilization mechanism attributed to the reduction of interfacial tension by surfactant activity. The emulsions exhibited shear thinning and viscoelastic solid-like behavior, which were enhanced by increasing the concentrations of both emulsifiers. Emulsions stabilized with hexadecylpyridinium exhibited a higher structural rigidity, with dynamic moduli an order of magnitude higher than Tergitol formulations. In the presence of a perpendicular magnetic field, it was demonstrated that incorporating ferrofluid as a dispersed phase in an o/w emulsion potentiates the magnetoviscous effect, compared to that observed with neat ferrofluid at the same concentration. A maximum relative increase in viscosity of up to 17-fold was observed in emulsions stabilized with 2.5 w/v% of hexadecylpyridinium and 10 000 ppm of nanoparticles when exposed to a linearly increasing magnetic field up to 796.73 mT at 1 s⁻¹. The observed magnetoviscous effect remained reproducible for up to one year after formulation, highlighting the potential of these systems for multiple applications.