The Philippines has ended tax exemptions for kerosene and LPG.
The benefit was linked to high oil prices and expired as crude oil prices declined.
The new rules come into force right away.
The decision follows a decline in global crude oil benchmarks.
Global LPG market sees a spotlight on Newport Propane in LP Gas Magazine.
DorianG gained Russell Index exposure after simplywall.st issued an low-priced view.
Traders report tight supplies from Russian fuel shortages and wartime logistics.
The shortages are linked to reduced Russian fuel shipments and hindered wartime transport routes.
Analysts note the market remains susceptible to further geopolitical shocks.