Fuel Prices Set for Significant Hike in Philippines Amid Middle East Tensions
Economy

Fuel Prices Set for Significant Hike in Philippines Amid Middle East Tensions

Philippines is bracing for a significant fuel price hike on September 8, with gasoline and diesel expected to rise by up to P5 per liter. Escalating conflict between Iran and the US is impacting global oil prices, directly affecting domestic fuel retail costs.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

  • PSEi ends week down, peso ends sideways

    The Philippine Stock Exchange Index (PSEi) closed the week lower, while the Philippine peso traded sideways against major currencies, indicating market uncertainty.

  • Peso Rebound Expected This Year? MUFG Predicts

    MUFG Bank predicts the Philippine peso will rebound against the US dollar within the year. Future monetary policy and economic indicators are key to the peso's movement.

  • NUP optimistic over talks with budget watchdogs – Puno

    Deputy Speaker Ronaldo Puno stated that the National Unity Party (NUP) is optimistic about upcoming discussions with the People's Budget Coalition (PBC) regarding the proposed national budget. The PBC has reportedly received invitations from several lawmakers for such meetings.

  • PSEi Dips as Investors Await Inflation Data, Factory Output Woes

    The Philippine stock market closed lower as investors adopted a cautious stance ahead of the release of October inflation data. Weak factory activity, contracting for the second consecutive month, also weighed on sentiment, pushing the benchmark index down by 0.99%.