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Diesel, Gasoline Prices to See Slight Drop in Philippines
Fuel prices in the Philippines are set to decrease starting August 4, with gasoline dropping by 73 centavos and diesel by 60 centavos per liter. Kerosene will see a larger reduction of P2.09 per liter. The Department of Energy cited Middle East volatility and urged prudent spending.
MANILA, Philippines — Motorists will get a slight relief as diesel and gasoline prices dip by less than P1 per liter beginning August 4. At a Monday briefing, Energy Secretary Sharon Garin said gasoline and diesel prices will decrease by 73 centavos and 60 centavos per liter, respectively. Meanwhile, kerosene prices will drop by P2.09 per liter. “I know that many of you are still feeling the weight of the past week’s increases, but every rollback matters. It means a little less pressure on our drivers, farmers, and small businesses who move this economy every single day,” the energy chief said. “This shows the fact that the Middle East conflict is still volatile, and we still have to brace ourselves and be prudent with our spending, as far as fuel is concerned,” Garin added. The official said that the country’s fuel supply “is strong and stable.” /pai INQ
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