THE Philippines is stepping up efforts to secure alternative fuel sources, President Ferdinand R. Marcos, Jr. said on Thursday, as the escalating war in the Middle East continues to threaten global oil supplies and risk driving prices even higher.
Mr. Marcos said the government is working toward “soften[ing] the blow” of the war, adding it has secured enough supplies of food and oil.
“What we are monitoring now are the prices. For food, we can do more — we are looking for ways to bring food prices down,” he told reporters in Filipino during an inspection in Bataan.
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