00:00The administration of President Marcos Jr. has prepared programs to mitigate the impact of rising oil prices.
00:06According to the President, next week, the price per liter could rise to 7 pesos and 48 centavos for gasoline,
00:1417 pesos and 28 centavos for diesel, and 32 pesos and 35 centavos for kerosene.
00:21President Marcos Jr. is coordinating with Congress to temporarily reduce excise taxes on petroleum products
00:28if prices reach $80 per barrel, and is also discussing amendments to the Biofuels Act of 2006
00:36to use cheaper bioethanol to help lower gasoline prices.
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