It would do well for us Filipinos to take stock of our financial resources and prepare for a series of price shocks that are sure to come with crude oil prices continuing to rise. According to government pronouncements, our own oil stocks are sufficient up to April this year or roughly 45 days. Local tourism, for us, may also be affected due to the higher cost of jet fuel that will result in a rise in domestic airfares. Of course, higher fuel prices, plus toll and higher food and accommodation. Likewise, the younger generation will likely rely on their default social tool, the internet through Viber, Reddit, TikTok to remain in touch while comfortably reclined on their bed, in the comfort of their home.
