Economy
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.
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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.