Fuel price surge erodes Filipino households’ purchasing power
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Source: The Manila Times
Published: 2026-04-21 11:09 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Philippines, Energy, Economy & Finance, World News, Business & Economy, Asia Pacific
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Snippet:
MANILA, Philippines — Higher global oil prices are beginning to "erode the purchasing power" of Filipino households, a Fitch Group unit said, as rising fuel costs have pushed inflation above target and reduced consumers’ ability to spend.
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