Government to release P21 billion to cushion rising pricesMotorists pass by a gasoline station displaying updated pump prices for various fuel products along Kalayaan Avenue in Quezon City on Sunday, following a staggered hike in prices last week. Acting on the President’s directive, the Department of Budget and Management (DBM) fast-tracked the release to ensure that critical services continue uninterrupted – especially as higher oil prices threaten transport costs and household budgets. As global oil prices climb, the subsidy helps drivers stay on the road without passing on the full burden to commuters—keeping fares stable and transport accessible for millions of Filipinos. The problem is the oil prices are volatile. According to Recto, Marcos has ordered the tapping of a P10-billion fund to mitigate the impact of higher fuel prices on farmers and fishermen.

Source: Philippine Star March 19, 2026 16:06 UTC