How Gasoline Prices are Affected by Stronger Philippine Peso | Automotive Parts Suppliers

For so many years, the Philippine Peso was down in the dumps against other first world currencies, but recent improvements in the economy have caused a sudden and subtle recovery. Slowly but surely, the peso is climbing its way back to a healthy position similar to where it was 10-15 years ago. This is very good news. The prices of basic commodities, like imported oil, will adjust for the benefit of our country.

The constant rise and fall of oil prices in the world market results in an unstable flow of government and private transactions, leading to higher costs. This conflict, in turn, would cause hardship amongst average Filipino folks, especially to those who belong to the lowest strata of society.

via automotivepartsuppliers.com