So, 100 Philippine pesos at present buys 1 liter of gas which is about $1.70 here in the U.S.
Since is is approximately 4 liters to a gallon that means a gallon of gas in the Philippines right now is:
$6.80 which likely is a problem for people there because the minimum daily wage for the Philippines ranges from 366 pesos to 695 pesos minimum daily wage there. Because it presently would cost almost 1/4 of the minimum daily wage there to even buy one liter of Gas which is 100 pesos.
But, if Gas or diesel isn't really available there at any price this could cause all sorts of problems especially in regard to the harvesting and transportation and selling of food there. This is why they called a national emergency over gas and diesel there in March as soon as Israel and the U.S. invaded Iran with missiles and bombs.
No comments:
Post a Comment