President Ferdinand Marcos Jr. said Thursday, March 20, the government is working on more ways to provide subsidies and aid to cushion the impact of rising oil prices.
Speaking after an inspection in Mariveles, Bataan, Marcos Jr. admitted oil prices remain volatile, making it hard to plan interventions, but assured the public that efforts are ongoing to “soften the blow.”
He said oil and food supplies remain sufficient, with the government securing stocks and exploring alternative energy sources beyond the Middle East.
The President also vowed continued support for transport workers affected by high fuel costs, especially with heavy travel expected during Holy Week, even as fare hikes remain deferred.
He added that austerity measures are in place, including a 10% cut in government energy use, alongside efforts to accelerate the shift to renewable energy.IMT
