Mariveles: President Ferdinand R. Marcos Jr. has reassured the public of ongoing governmental efforts to mitigate the impact of increasing global oil prices, emphasizing initiatives aimed at securing adequate fuel and food supplies.

According to Philippines News Agency, Marcos, speaking to reporters in Mariveles, Bataan, highlighted the government's exploration of various methods to expand subsidy assistance to affected sectors while keeping a close watch on the volatile international oil market. He acknowledged the unpredictability of oil prices, noting that adjustments are being made to soften the blow on the public. The President assured that current stocks of oil and essential goods are sufficient, with government agencies working to stabilize prices.

Marcos stated that efforts are in progress to lower the cost of basic commodities, ensuring the public remains worry-free about the supply of essential items. He emphasized the government's push to find alternative fuel sources to lessen reliance on Middle Eastern suppliers, aiming for a steady supply despite global market challenges.

The President also highlighted the ongoing support for transport workers, including subsidies to counteract deferred fare increases, especially in preparation for the Holy Week travel period. He stressed the government's broader aim of safeguarding Filipinos' livelihoods through various interventions to maintain economic stability. Marcos concluded by expressing the urgency of accelerating these measures in response to the current oil crisis.