Fuel shock and the peso pinch

2026-03-17 - 06:23

MANILA, Philippines — While the government earlier warned of diesel hitting P96 per liter in a “worst-case scenario” because of the escalating crisis in the Middle East, consumers are now paying P94 per liter to as high as P115 per liter after a new double-digit increase this week. Ibon Foundation said rising oil prices threaten