00:00President Ferdinand R. Marcus Jr. has outlined a series of measures aimed at easing the impact of surging fuel prices.
00:07The president is now coordinating with Congress to grant him temporary authority to reduce excise taxes on petroleum products
00:15if global oil prices reach 80 U.S. dollars per barrel.
00:19The administration is also pushing to amend the Biofuels Act of 2006 to allow the use of lower-cost bioethanol
00:26to help bring down gasoline prices.
00:28President Marcos also ordered the release of fuel subsidies and cash transfers or aid for drivers, farmers and fisherfolk
00:36who are among the hardest hit by rising prices of up to 7.48 pesos per liter for gasoline, 17
00:43.28 pesos for diesel and 32.35 pesos for kerosene.
00:49Meanwhile, President Marcos announced that starting Monday, March 9th, a temporary four-day workweek will be implemented in some executive
00:57branch offices.
00:58Agencies providing emergency and essential services, including police, firefighters and offices delivering frontline public services,
01:06will be exempted from this arrangement.
01:09The president also directed all government agencies to reduce electricity consumption and petroleum expenses by 10 to 20 percent.
01:17Non-essential government travel and activities such as study tours, team building events and meetings that can be conducted online
01:24will also be temporarily suspended.
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