SEN. Bam Aquino on Saturday called for the swift implementation of a Senate-approved suspension of excise taxes on fuel, alongside the immediate rollout of financial assistance to transport workers, and micro, small and medium enterprises (MSMEs), amid rising costs. ​The call comes amid continued volatility in global oil prices and inflationary pressures affecting household expenses in the Philippines. Economists have warned that without timely intervention, rising fuel costs could further strain consumers and small businesses already navigating post-pandemic recovery challenges. Aquino emphasized that the suspension of excise taxes on petroleum products — already passed by the Senate — should be enforced without delay to provide relief to consumers. “The people will see that the prices of diesel and gasoline at gasoline stations will go down,” Aquino said. He noted that lower fuel prices would not only benefit motorists but also help stabilize the cost of basic goods, as transportation expenses significantly influence market prices. The senator underscored the need for direct support to transport workers and MSMEs, sectors that employ a large portion of the Filipino workforce. “Let’s not allow our micro, small and medium enterprises to close,” Aquino said, stressing that sustaining business operations is critical to preserving jobs and economic stability. He added that substantial funding for assistance programs has already been allocated under the 2026 national budget and urged government agencies to ensure these resources are deployed efficiently and without delay. While acknowledging similarities in economic strain, Aquino clarified that the current situation differs from the Covid-19 crisis. Nevertheless, he highlighted the importance of preparedness and responsiveness in government action. “What’s important is that we keep businesses open, schools open and the government ready, responsive and effective when it comes to the assistance that the people are seeking,” he said.