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Philippines Fuel Prices Drop in Early September, Offering Relief
In the first week of September, the Philippines saw diesel and kerosene prices drop by over P3 per liter, with gasoline also experiencing a slight decrease. These adjustments are attributed to factors including US efforts to secure trade through the Strait of Hormuz. LPG prices also saw a reduction.
MANILA, Philippines — Local diesel and kerosene prices dropped by more than P3 in the first week of September, while gasoline prices also went down by a few centavos. The Department of Energy (DOE) announced the following price adjustments earlier: The energy department said movements in prices are still affected by the ongoing conflict between the United States and Iran. On Tuesday, September 1, US Vice President JD Vance told Fox News that US President Donald Trump currently focuses on ensuring uninterrupted trade through the Strait of Hormuz, the critical passage where around 20% of the world’s oil supply passes through. Here are the estimated new pump prices this week: * Diesel: P55.00 - P60.00 * Kerosene: P60.00 - P65.00 * Gasoline (regular): P70.00 - P75.00 Meanwhile, liquefied petroleum gas (LPG) also went down by P0.40 per kilogram. For 11-kilogram cylinders, prices dropped by P4.39 per kilogram. Estimated new prices for 11-kilogram LPG cylinders in September range from P1,031 to P1,536, but prices may vary across brands and areas.
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Philstar Business