Oil Price Cuts Likely to Continue Next Week in the Philippines
Economy

Oil Price Cuts Likely to Continue Next Week in the Philippines

Retail prices for petroleum products like gasoline and diesel in the Philippines are likely to see further cuts next week, influenced by prevailing global market trends.

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  • Airfare Fuel Surcharge to Ease by Nov. 16 in Philippines

    Philippine air travelers will see a slight reprieve as the Civil Aeronautics Board (CAB) approved lower fuel surcharges from November 16 to 30, reflecting a decline in international jet fuel prices. The adjustment to Level 16 is expected to ease the burden of airfare costs.

  • Oil Price Cuts Likely to Continue Next Week in Philippines

    Motorists in the Philippines are likely to see another round of fuel price rollbacks next week, with potential cuts of up to ₱5 per liter. Leo Bellas, president of Jetti Petroleum, estimates diesel prices could decrease by ₱4 to ₱5 per liter, offering some relief from rising fuel costs.

  • Fuel Price Rollbacks Expected Next Week in Philippines Amid Global Market Drops

    Philippines is bracing for further fuel price rollbacks next week on gasoline, diesel, and kerosene, mirroring global market declines. This offers a potential reprieve from inflation, though the weakening peso acts as a dampening factor on the extent of the price cuts.