Govt monitors Middle East crisis impact on oil prices

The Manila Times

Govt monitors Middle East crisis impact on oil prices  Palace Press Officer Claire Castro says on June 17, 2025 that the Department of Energy is closely monitoring the situation in the Middle East to determine its effect on oil prices. Castro also said the government would release fuel subsidies if the prices of crude oil would go beyond the $80 per barrel.   VIDEO BY CATHERINE VALENTE  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net     Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion    Subscribe to our Digital Edition - https://tmt.ph/digital    Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer  Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein   #TheManilaTimes #TMTNews #OilPrice #Philippines

Transcript

00:00At sinabi nila, minomonitor nila closely ang Middle East situation.

00:05At maaari pong magdulot ng issue kapag ka po talaga naisa itong states of humus.

00:12Pero sa kasalukuyan po ang kumpanya,

00:15Pound Oil Companies po ay required na magkaroon ng 30-day inventory of fuel.

00:21At kapag ka po tumaas ang presyo ng crude oil

00:26ng mahigit sa 80 US dollar per barrel,

00:31ang ayuda for fuel for public transport and fisher coke ay matitrigger po

00:37at kakailangan na rin po na maakisuhan ang DA and DOTR patungkol po sa inyong.

00:44May direktiba na po pa sa Presidente itong po?

00:47Minomonitor po mabuti kung anong sitwasyon para po makapagbigay ng agarang linya, solusyon.

00:53At kahit pa pano po ay ayuda.

00:55Kung talaga pong sobrang tataas ang presyo ng crude oil.

01:25Baak.

01:28Saalt kiagulina.

01:29Baak.

01:30Saat.

01:31Saat.

01:32Saat.

01:32Baak.

01:32Saat.

01:33Saat.

01:34Saat.

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