Fuel price increases streak ends on 13th Feb due to decreased global demand, resulting in price reductions in the Philippines.

The five-week streak of fuel price increases will end on Tuesday, February 13th, as global demand for fuel has decreased. In the Philippines, local oil companies will reduce the price of gasoline by 60 cents per liter, diesel by 10 cents, and kerosene by 40 cents per liter. The rollbacks are attributed to increased US oil production and a slowing in oil demand growth.

February 12, 2024
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