The Manila Times
MANILA, Philippines — President Ferdinand Marcos Jr. on Sunday announced a big fuel price rollback to be implemented next week, confirming the earlier statement of the Department of Energy. In a video released by Malacañang, Marcos said the price per liter of diesel will be slashed by at least P20, P4.43 for gasoline, and P8.50 for kerosene. “This is a big help especially to our drivers, commuters, and every Filipino family who are affected every day by the high price of crude oil,” he said in Filipino. “This is not enough. That is why the government is continuously working to alleviate its impact on your daily lives. We will not stop until we reduce the cost of travel, food, and the overall living standards of our countrymen,” he added. “We will not let any Filipino be left behind in the midst of these challenges. That is why the government continues to work to ensure that every family feels some relief. And that is what we focus on every day,” Marcos said. For more than a month now, the government has been rolling out initiatives to cushion the impact of high pump prices triggered by the war in the Middle East involving the United States, Israel, and Iran. Marcos, through Executive Order 110, earlier declared a state of energy emergency which authorized the government to act quickly, particularly in purchasing much-needed petroleum products without undergoing the circuitous process. EO 110 also adopts the Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) as the government’s coordinated, whole-of-government response framework.
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