Co-solubilization of the hydrophobic drugs Carbamezipine (CBZ) and Nifedipine (NFD) by micellar solutions at 25 °C, using two series of polyoxyethylene based nonionic surfactants, was measured and compared. The first series is composed of surfactants with a 12 carbon (C₁₂) hydrophobic chain while the second series had 16 carbon (C₁₆) hydrophobic chains. Experimental results were obtained for solubilization and co-solubilization of CBZ and NFD within the micelles at saturation and quantification was done in terms of the molar solubilization ratio and the micelle–water partition coefficient employing spectrophotometric and tensiometric techniques. The extent of micellar solubilization of CBZ is much greater than NFD. The C₁₂ series of surfactants exhibit higher solubilization capacities for CBZ than the C₁₆ series while the reverse is the case for NFD. Co-solubilization results showed competitive solubilization of the drugs. A synergistic effect on the solubilization of NFD was observed in the presence of CBZ in Brij30 and Brij56 surfactant systems while, in the remaining surfactants, the solubility of NFD was slightly reduced. Since the surfactants used in the present study are either nontoxic or have minimal toxicity, it is expected that they can be employed as drug delivery vehicles for co-administration of the two drugs in vivo. Both from industrial and research points of view, this paper reports a comprehensive study for co-solubilization of differently structured drugs in micellar media.