Palace: Gov’t working on various interventions to cushion impact of rising oil prices on citizenry

DAILY GRIND. People from all walks of life straddle a busy crosswalk in front of SM City Grand Central in this photo taken on Thursday, February 19, 2026. (Photo courtesy: Dean Caratiquet, PTV News)

By Dean Aubrey Caratiquet

Doubling down on President Ferdinand R. Marcos Jr.’s firm instruction for a whole-of-government approach to help Filipinos weave their way through volatile oil prices, Malacañang outlined some interventions that are being sorted out by the administration to aid in this resolve.

At a briefing on Monday, Presidential Communications Office (PCO) Undersecretary and Palace Press Officer Claire Castro said that the President already called for the creation of a crisis management committee tasked with looking for ways to address the citizenry’s needs during these difficult times.

This, as Castro also acknowledged the concerns of public utility vehicle (PUV) drivers, minimum wage earners, farmers, and fisherfolk that are bearing the brunt of this pressing national concern.

She began her remarks by noting further financial support for transport sector workers, 

“Ayon po kay Secretary Gatchalian sa utos na nga rin po ni Pangulong Marcos Jr. na magkakaroon pa po ng karagdagang ayuda, ‘Uunahin lang po, we have to time it’, sabi po niya.”

She added, reiterating the Department of Social Welfare and Development’s (DSWD) leadership in the distribution of P5,000 fuel subsidies to tricycle drivers in Metro Manila, “At ito pa rin ang kaniyang sinabi: ‘In the coming days, DSWD will continue to release cash assistance to affected public utility drivers and this will be done in tranches.’”

Malacañang’s mouthpiece, meanwhile, left the discretion of augmenting the minimum wage of Filipino workers to increase the financial headroom of the common folk to the discretion of Congress and the Department of Labor and Employment’s (DOLE) Regional Tripartite Wages and Productivity Board.

Castro, moreover, shared that as of press time, the government is carefully assessing the recommendation of the National Price Coordinating Council to impose a P50 price cap on imported rice and a lawmaker’s proposed bill calling for a temporary freeze on residential and MSME commercial rental rates and loan payments to soften the blow of rising fuel prices on Filipinos.

She ended her statement by clarifying that the Chief Executive has not experienced any pushback in the delayed signing of the reduction of excise tax, stressing that President Marcos Jr. remains committed to using this emergency power to ease the burden of oil price shocks on his constituents.

av

Popular

Agencies mobilized to ensure whole-of-gov’t approach on monsoon rains —Palace

By Brian Campued Malacañang on Tuesday assured the public that relevant agencies are working to ensure a swift and coordinated response to the persistent heavy...

Malacañang refutes ex-DPWH chief’s claim linking CSSP with flood control mess

By Dean Aubrey Caratiquet As recent widespread floods brought by the southwest monsoon (habagat) rekindled discussions about the administration’s response to ‘ghost’ and anomalous flood...

Palace assures BARMM polls to proceed amid probe into Macacua ambush

By Dean Aubrey Caratiquet The recent ambush attack on BARMM Interim Chief Minister Abdulraof Macacua drew condemnation from President Ferdinand R. Marcos Jr. as well...

PBBM to endorse ‘best’ candidate for 2028 presidential race

By Ruth Abbey Gita-Carlos | Philippine News Agency President Ferdinand R. Marcos Jr. on Friday said he will endorse the “best” candidate in the 2028...