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Philippines forms crisis committee amid Middle East tensions, no shortages, but fuel prices rise.
President Ferdinand Marcos Jr. has established a crisis committee to monitor fuel and food supplies amid Middle East tensions, stressing no supply shortage exists—only price volatility.
While global oil prices rise, domestic supply remains stable, and the government is preparing cash aid, maintaining transport discounts, and reviewing tax relief.
The President has not yet signed an emergency powers bill to cut fuel taxes, pending receipt, though it would only activate if oil averages $80/barrel for 30 days.
A previously approved public transport fare hike was suspended, drawing criticism over constitutional concerns and unconfirmed Cabinet appointments.
Transport groups continue to protest rising costs, and airlines have cut flights to Doha and Dubai.
Filipinas forma comité de crisis en medio de las tensiones en Oriente Medio, no hay escasez, pero los precios del combustible suben.