The Department of Energy (DoE) announced yesterday that gasoline prices will drop by P3.90 to P5.90 per liter, while diesel prices will fall by P9.04 to P11.04 per liter, as reported by BusinessWorld.
The price cuts come as welcome news for consumers grappling with elevated inflation rates across the country. Lower energy costs are expected to help temper the upward pressure on consumer prices.
The opinion piece also examines an Energy Regulatory Commission (ERC) resolution and the role of CBK in the current economic landscape. The article argues that further reductions in energy prices are needed to manage inflation.