Philippines Braces for Up to P5/Liter Oil Price Hike on Sept. 15
Local fuel prices in the Philippines are expected to increase by up to P5 per liter starting September 15. Escalating Middle East tensions are driving up crude oil costs, raising concerns about the impact on household budgets.
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The Philippines is bracing for a fuel price hike next week, with gasoline expected to increase by up to P5 per liter and diesel by up to P2.50. Global market movements and geopolitical tensions are cited as primary drivers.