00:00Motorists in the country face long lines and soaring fuel prices, with some gas stations running out of supply.
00:07Many consumers report struggling to budget amidst rising costs, with pensioners and drivers feeling the pinch.
00:14President Ferdinand R. Marcus Jr. attributes the price surge to a heavy reliance on Middle Eastern crude,
00:20which accounts for 90% of our country's imports, and is exploring alternative sources abroad.
00:26The government assures that oil supply remains sufficient, while preparing to certify a bill to reduce excise taxes on fuel,
00:34and calling for fair pricing practices.
00:37Energy authorities have issued guidelines to prevent hoarding and profiteering,
00:41allowing bulk purchases only for essential operations in agriculture, healthcare and maritime sectors.
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