Philippines Faces Dual LPG Price Shock: Short-Term Relief Followed by Steep Hike

Consumers in the Philippines are set to see a temporary P3 per kilogram reduction in LPG prices this week due to a three-month suspension of excise taxes. However, this relief is expected to be short-lived, with a potential P10-P15 per kilogram hike looming in early October due to rising global market costs.