By Erika Mae P. Sinaking, Reporter
THE PHILIPPINE government is studying possible measures to cushion the impact of rising fuel prices as renewed tensions in the Middle East threaten global oil supplies, Malacañang said on Wednesday.
President Ferdinand R. Marcos, Jr. has ordered concerned agencies to assess the situation and ensure assistance reaches sectors most vulnerable to higher fuel costs, Palace Press Officer Clarissa A. Castro told reporters.
The Department of Energy earlier said developments in the Middle East continue to put upward pressure on domestic pump prices and that it has stepped up fuel price monitoring as market volatility persists.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
