Diplomacy
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.
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Following weeks of oil price hikes, the Philippines saw a modest drop in diesel and gasoline prices by less than P1 per liter on August 4. Kerosene prices fell more significantly, but the Energy Secretary warned of continued volatility due to Middle East tensions, urging prudence in fuel spending.