Proposed fuel price freeze under study —Palace

PRICE FREEZE. A motorist fills up at a gas station in Quezon City on March 23, 2026. Malacañang on Friday (March 27) clarified that the government is studying the proposal to implement a price freeze on petroleum products amid continuous rise in fuel prices. (Photo courtesy: Joan Bondoc / PNA)

By Ruth Abbey Gita-Carlos | Philippine News Agency

The government is studying the proposed price freeze on petroleum products amid concerns over the impact of the Middle East conflict on the country, Malacañang said on Friday.

Speaking to reporters, Palace Press Officer Claire Castro said the proposal will be balanced to ensure that no sector will be adversely affected.

“Hindi po natin sinabing hindi magpa-price freeze. Ang sabi po natin, aaralin po ito,” Usec. Castro said.

Castro made the statement when asked about concerns over President Ferdinand R. Marcos Jr.’s decision to declare a state of national energy emergency instead of a state of emergency due to the ongoing conflict in the Gulf region.

Castro stressed that the government is taking into consideration both consumers’ welfare and the viability of the oil industry.

“Ito po ay babalansehin at kung ano ang nararapat para po hindi lang isang sektor ang maaapektuhan,” she said.

“Balanse para sa oil industries, balanse para sa [taumbayan]. So, hindi po natin sinasabing hindi magpa-price freeze. Pero ito po ay inaaral,” Castro added.

Castro said the declaration of an energy emergency is crucial in addressing the disruptions in global oil supply that affect both the availability and pricing of fuel products in the country.

She said the government remains proactive in addressing the situation while ensuring that its actions and interventions are within the bounds of the law.

“At maaari pong magsagawa ang ating pamahalaan ng kanilang katungkulan nang hindi lalabag sa batas. Ma-unlock natin ang mga funds na dapat natin magamit nang naaayon din sa batas,” Castro said.

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