00:00Palace has announced that the government is studying a proposed price freeze on petroleum products
00:05due to concerns over the ongoing Middle East conflict and its impact on the country.
00:11Palace Press Officer Claire Castro confirmed the review,
00:14stressing that while a price freeze is not ruled out, a thorough study is being conducted.
00:20She added that authorities will balance the proposal to protect consumers
00:24while ensuring the viability of the oil industry.
00:27Castro also addressed the decision to declare a state of national energy emergency
00:34instead of a general state of emergency,
00:37saying that it is crucial for addressing disruptions in the global oil supply
00:41and enabling the government to unlock necessary funds in accordance with the law.
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