Philippines Sees First Fuel Price Drop in Three Weeks
Diesel and gasoline prices fall by less than one peso per liter as West Asia developments ease pressure, but LPG surges ₱40 per cylinder
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Diesel and gasoline prices fall by less than one peso per liter as West Asia developments ease pressure, but LPG surges ₱40 per cylinder

Central bank data shows headline and core inflation both moderated in June, driven by lower fuel costs and softer global commodity pressures

A proposed decree shifts pricing authority to distributors, ending the government's periodic price announcements in the country's petroleum market

E10 gasoline climbed 6.6% as Middle East tensions ripple through Southeast Asian petroleum markets, exposing inventory fragility in Hanoi and Ho Chi Minh City

The Philippines faces its second consecutive week of sharp pump price increases, with gasoline and diesel climbing as regional oil markets remain under pressure from geopolitical instability.

Government maintains current ceiling on gasoline, diesel, and kerosene prices for four weeks while monitoring regional energy volatility

Manila shifts to specific fuel price reporting as Middle East tensions threaten further increases through Strait of Hormuz disruptions