Marcos cites fuel price measures amid Middle East conflict

In his fifth State of the Nation Address, President Ferdinand Marcos Jr. pointed to his administration's proactive steps to mitigate the effects of skyrocketing global oil prices due to the Middle East conflict. He highlighted successful efforts in purchasing and importing fuel, aiming to stabilize the domestic market and protect consumers from the worst of the price hikes. This move underscores the government's commitment to managing economic fallout from international tensions, which has significant implications for both local and global markets.