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The average price in 2012 was $3.618 per US gallon ($0.96/L), the highest ever yearly average as of 31 December 2012. As of 31 December 2012, the average price of gasoline was $3.298/US gal ($0.87/L), with New York at $3.70/US gal ($0.98/L) for the highest in the US, and Colorado at $2.987/US gal ($0.79/L) for the lowest.
Jeepney drivers also face rising cost of living and rising cost of diesel fuel due to government deregulation of oil prices. [22] A 2017 study [ 23 ] published in a Metro Manila newspaper compared the fuel use of a 16-passenger jeepney to a 54-passenger air-conditioned bus and found that the fuel consumption for both was the same, while no data ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [ 31 ] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
The MRT Line 3 in 2024. Transportation in the Philippines covers the transportation methods within the archipelagic nation of over 7,600 islands. From a previously underdeveloped state of transportation, the government of the Philippines has been improving transportation through various direct infrastructure projects, and these include an increase in air, sea, road, and rail transportation and ...
National average diesel prices slid to $3.56 a gallon by Sept. 9, down 32 cents from the start of the year and the lowest level since Oct. 2021, according to EIA data.
Diesel supplier Mansfield Energy is warning of increased diesel prices in the weeks and months ahead, with costs high enough to price out some consumers and make shipping more expensive.
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Figures exclude cities in Metro Manila. GDP (Nominal) figures based on 2018 Philippine Constant Prices as published by the Philippine Statistics Office on their various public releases in 2023. GDP in PPP using 2018 Constant Prices not publicized. GDP in USD using 2023 Exchange Rates. % of GDP Regional not publicized for Central Visayas Cities.