Filipinos brace for higher fuel, food prices amid supply shocks


A transport organisation has filed a petition before the government transportation board to increase the minimum jeepney fare to 15 pesos (about US$0.29). - AFP

MANILA (Xinhua): Passenger jeepney driver Arthur Arsenio, 48, charged his passengers 13 pesos (about US$0.25) 2 pesos (about $0.038) higher than the minimum fare, explaining the soaring fuel prices in the Philippines forced him to raise the rate.

On Tuesday, oil companies imposed another round of fuel hikes in the country, while fuel prices have been soaring even before the ongoing Russia-Ukraine conflict that pushed higher international energy price.

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Philippines , fuel , food , prices , inflation

   

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