Diesel Price Hike Looms in Philippines Amid Mideast Tensions
The Philippines is bracing for a potential diesel price increase of P2 to P2.50 per liter next week due to escalating Middle East tensions and disrupted global oil supplies. Gasoline prices may see a rollback of P1 to P1.50 per liter. Lawmakers are pushing for the establishment of a Strategic Petroleum Reserve System.
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