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Philippines sees steep fuel price increases before Independence Day due to global supply issues.
Oil prices in the Philippines are rising ahead of Independence Day, with gasoline up by ₱0.60 and diesel by ₱0.95 per liter.
The Department of Energy attributes the hikes to geopolitical tensions, US crude oil inventory reductions, and Canadian wildfires disrupting production.
This marks the steepest increase in 2025, with gasoline up ₱5.10 and diesel ₱4.85 per liter since the start of the year.
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Filipinas ve fuertes aumentos en los precios del combustible antes del Día de la Independencia debido a problemas de suministro global.