00:00The threaded huge spike in gas prices at the pump is primed for Tuesday next week when oil companies do
00:06their weekly price adjustments.
00:08And it is feared the cost of diesel could hit a whopping 80 pesos a liter.
00:13Earlier today, DOTR Acting Chief Secretary Giovanni Lopez acknowledged how government is scrambling for ways and means to cushion the
00:21price jolts of diesel on leaded, kerosene, and LPG next week.
00:26He said the 2.5 billion pesos set aside in the 2026 GAA or National Budget for Fuel Subsidy will
00:34immediately be released upon declaration of the Department of Energy's of the average price of Dubai crude at $80 a
00:42barrel.
00:43Meanwhile, other recommendations include mobilizing an expanded implementation of the Libring Sakai program and a tapping into the President's Contingency
00:54Fund.
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