Marcos Orders Oil Contingencies - BusinessWorld Online

Philippines to roll out fuel aid if Mideast tensions escalate

President Ferdinand Marcos Jr. is eyeing the deployment of fuel subsidies to cushion the impact of rising oil prices triggered by escalating tensions between Israel and Iran.

Motorists will get fuel subsidies due to Mideast tension – Marcos

MANILA, Philippines — Fuel subsidies will be provided to motorists amid the ongoing tension in the Middle East, President Ferdinand Marcos Jr. vowed on Wednesday. In an ambush interview in Quezon City, Marcos said a surge in oil prices could be expected, prompting the government to prepare appropriate assistance. “So the subsidies that we have

Fuel subsidies for 'severely affected' seen if Israel-Iran war hikes oil prices: Marcos

President Ferdinand Marcos Jr. on Wednesday said that fuel subsidies may be granted for stakeholders who will be “severely affected” by a projected oil price hi

Marcos orders oil contingencies - BusinessWorld Online

By Chloe Mari A. Hufana, Reporter PHILIPPINE President Ferdinand R. Marcos, Jr. has ordered agencies to prepare for potential spikes in global oil prices amid worsening tensions in the Middle East, a major oil-producing region, the presidential palace said on Tuesday. Beyond fuel subsidies, the government is considering additional aid packages should prices surge, Palace Press Officer Clarissa A. Castro told a news briefing. She said Mr. Marcos …

Fuel Price May Hit N1000/litre As Middle East Tensions Escalate

Nigeria Faces Gasoline Worth Surge to N1,000/Litre Amid Center East Tensions Escalating tensions within the Center … Fuel price may hit N1000/litre as Middle East tensions escalate Read more The post Fuel price may hit N1000/litre as Middle East tensions escalate  first appeared on Real News Hub.