The Philippines experiences extreme fuel price effects which impact all people but create extra difficulties for the nation because its energy resources depend on imports. The local gas stations experience immediate effects whenever OPEC decides to raise global oil prices or major world events occur. The pricing of all goods will increase within a short time period.
Commuters experience immediate pain when they travel through the city. The costs of jeepney and bus rides increase while the expenses of driving personal vehicles rise. The situation progresses beyond this point.
Vehicles require fuel to operate while factories depend on it to maintain their operations and trucks need it to perform their delivery services.
The price of basic items which includes food and clothing and household goods increases whenever fuel costs experience an upward trend. Everyone experiences a cash shortage but low-income families suffer more from this situation.
People with no financial security spend their income on vital needs which include food and transportation. The higher fuel prices create more financial pressure upon them.
The group includes everyone who operates vehicles for their work which includes jeepney drivers and farmers and fishermen. Workers face higher fuel expenses while their earnings decrease which results in increased costs for customers who purchase their products.
Small businesses face difficulties when their costs increase and customers reduce their purchases while business owners delay making investments. The situation reaches a critical point when employment opportunities begin to vanish. A disaster occurs which nobody wishes to experience.
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