Filipino consumers must brace for financial strain in this initial week of the year, as the price of diesel products will be climbing by hefty P2.40 per liter; and gasoline prices will be increased by P1.85 per liter.
Given these substantial hikes in pump prices and the upswing in international prices, calls are being revived anew on the interim suspension of fuel excise taxes. The lawmaker qualified the pending consolidated bill “is already a watered down version to fast-track its approval,” albeit he noted that “it seems Duterte’s economic managers are blocking efforts to at least ease the burden of consumers.”
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