Economy
Philippines Fuel Prices Set to Rise Again August 18 Amid Volatile Markets
Fuel prices in the Philippines are set to increase again starting August 18, reversing last week's rollback. Gasoline, diesel, and kerosene will see hikes due to volatile international markets, supply concerns, and geopolitical risks impacting domestic pump prices.
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- Fuel Prices Surge Up to P5.01 Per Liter in Philippines
Philippines fuel retailers will implement price hikes of up to P5.01 per liter starting August 18. Gasoline will increase by P2.49, diesel by P3.84, and kerosene by P5.01. The surge is attributed to fading hopes for Middle East peace deals, raising concerns over household budgets and inflation.