It's a welcome sight to see Diesel prices go down into the P6x.xx/L range. While still elevated, it's a far cry from the ₱120–₱140/L prices just two months ago.
The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes.
Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at the day before the US and Israel launched attacks on Iran on 28 February, before edging up to $73.23.