global oil prices
Double whammy of record-low peso and high global oil prices to drive up inflation
March 20, 2026
the all-time low peso and surging global oil prices are a double whammy that will double inflation in the coming months, hitting millions of poor Filipino families the hardest
Global crude prices move closely with local diesel and gasoline prices
March 10, 2026
We are heavily dependent on imported oil, so global crude prices move closely with local diesel and gasoline prices.
Fuel prices cheaper than in 2018 if not for TRAIN
February 14, 2019
Research group IBON said that the fuel prices would be cheaper now than in 2018 without the Tax Reform for Acceleration and Inclusion (TRAIN) law. The group said that TRAIN’s additional excise taxes have prevented Filipinos from feeling the benefits of lower global oil prices. Filipinos face even higher prices with the implementation of the […]
