Malacañang assured the public that the Philippines still has enough supply of fuel and basic commodities despite rising oil prices linked to tensions in the Middle East.
Palace Press Officer Claire Castro said there has been no reported price movement in basic goods in Metro Manila and other regions based on initial monitoring by the Department of Trade and Industry.
“Hindi kailangan magkaroon ng panic buying dahil kumpleto naman at enough pa ang supply, lalong-lalo na ang ating fuel at ng ating mga basic commodities,” Castro said during a media briefing in New York.
The Palace also urged the public to report any unusual price increases in essential goods and petroleum products to the Department of Trade and Industry and the Department of Energy.
On Tuesday, March 10, oil companies began implementing a three-day staggered price increase in fuel products amid global market pressures.
Despite the situation, Castro said the government is closely monitoring developments and working to mitigate the impact of the Middle East conflict on Filipino consumers.IMT
