Thursday, May 29, 2008

Weekly Rise of Gasoline Prices

It's been a month since the gasoline prices increases every week, specifically every 12:00 Midnight of Saturdays. We experienced a 1 peso increase per litre for unleaded gasoline and it's now P52.07 a litre as of today. Price increase of gasoline in the Philippines was greatly affected by the prices of gasoline per barrel in the Asian market and the fluctuation of the US dollar against the Philippine peso. A lot of people complained from the surging prices of the gasoline because it greatly affects many businesses. A lot of owners of those cars with high-powered engines and higher gas consumption have felt the difference in the gas prices compared before and opt to sell their cars to purchase a more fuel efficient one.

Maybe I'm one of the lucky owner of a fuel-efficient car as of today and when even unleaded gas reached P75 per litre mark, I might cope up and still use my Kia picanto going to work every day, but beyond that....I don't know if it will be more practical...

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