The Developmental Budget Coordination Committee (DBCC) is keeping a close eye on the factors driving up the price of oil in the country. According to the Bangko Sentral ng Pilipinas' (BSP) February 17 assessment, the projected average price of Dubai crude oil is USD 83.30 per barrel. Doing so will help limit the impact of the increased fuel prices on the production and transport of farm and fish products. Several ride-hailing and motorcycle taxi platforms in the Philippines have begun reducing their commission rates in response to rising fuel prices, following discussions in a congressional hearing. Read more in our articles including "PH gov't ready for rise in oil prices says DBCC" and "Unioil's first electric vehicle charging station now open".
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Mar 30, 2026The Developmental Budget Coordination Committee (DBCC) is keeping a close eye on the factors driving up the price of oil in the country. According to the Bangko Sentral ng Pilipinas' (BSP) February 17 assessment, the projected average price of Dubai crude oil is USD 83.30 per barrel.
Doing so will help limit the impact of the increased fuel prices on the production and transport of farm and fish products. Several ride-hailing and motorcycle taxi platforms in the Philippines have begun reducing their commission rates in response to rising fuel prices, following discussions in a congressional hearing.
Our coverage of oil price increase philippines includes: "PH gov't ready for rise in oil prices says DBCC"; "Unioil's first electric vehicle charging station now open"; "DOTr’s MRT-3 50% fare discount now accessible via GCash". Each article provides unique insights and information.