Philippine fuel prices could rise further amid escalating Middle East conflict
BusinessWorld said Filipino motorists were bracing for another increase of more than P4 per liter in the week of September 15, 2026.
TLDR
In coverage shared on September 15, 2026, BusinessWorld cited analysts who said fuel prices could rise further in the coming weeks as the intensifying Middle East conflict kept global oil markets under pressure. It said Filipino motorists were bracing for another increase of more than P4 per liter that week. The outlet also reported that the peso closed at a record low of P62.86 per US dollar, with elevated crude prices and expectations of a US Federal Reserve rate hike weighing on the currency.
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