Politics
Philippines Sees Fuel Price Hikes Amid 'Price Range' System Concerns
Fuel prices in the Philippines are set for a nearly P1.90 per liter hike for gasoline, though some price rollbacks are also expected. The Department of Energy's 'price range' system has drawn concerns over granting oil companies too much discretion in setting prices.
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- Philippines Eyes Gasoline Price Fluctuations: DoE Cites Potential Adjustments
The Philippines' Department of Energy (DoE) indicated that gasoline prices could surge by as much as P1.90 per liter, while also suggesting a possibility of a minor rollback. Price adjustments are also anticipated for diesel and kerosene.