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Thursday, May 20, 2010

JULY 2, 1971: GAS, OIL PRICES UP 10 PERCENT


The Manila Chronicle/ July 2, 1971

Believe It or Not! Did you know that the gasoline price in 1971 was only 41 centavos per liter? It used to be 37 centavos per liter and oil companies decided to increase the price by 10 percent. I remember people going to street to protest. Even transport groups especially the jeepney sector went on strike. The gasoline price today ranges from 34 pesos for diesel to 44 to 45 pesos for premium and unleaded gasoline.


Gasoline receipt- April 30, 2010
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