Surging oil prices could push 1.34 million Filipinos into poverty – PIDS
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MANILA, Philippines – Rising global oil prices could push some 1.34 million Filipinos below the poverty line, a policy note by the Philippine Institute of Development Studies (PIDS) found.
The PIDS’ latest policy note found that the country’s poverty rate could rise to 14.4% in 2026 from 13.2% in 2025 under its latest energy shock scenario. The policy note was based on a simulation of current oil price conditions, which assumes oil prices will be at $105 per barrel, with a 35% pass-through to
The PIDS’ latest policy note found that the country’s poverty rate could rise to 14.4% in 2026 from 13.2% in 2025 under its latest energy shock scenario. The policy note was based on a simulation of current oil price conditions, which assumes oil prices will be at $105 per barrel, with a 35% pass-through to
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