The government is taking swift action to roll out measures that will protect Filipinos from sudden price hikes amid rising tensions in the Middle East, including gradual fuel price adjustments, subsidies for public transport operators, and support for farmers and fisherfolk.

“The Department of Finance will continue coordinating with relevant agencies to ensure a measured, responsible, and timely response to evolving global developments,” Finance Secretary Frederick D. Go said.

Inflation for February 2026 rose to 2.4% year-on-year (y-o-y) from 2.0% in January, bringing the average year-to-date (YTD) inflation to 2.2%.

This is in line with private sector analysts’ median estimate of 2.4% and sits comfortably within the Bangko Sentral ng Pilipinas (BSP) forecast range of 2.3% to 3.1%.

This is also within the government’s 2% to 4% inflation target, showing that prices remain stable and manageable for Filipino households.

To support everyday transport and logistics needs, the National Government is working with local oil companies to gradually adjust fuel prices over several weeks. This helps lessen the burden of rising global oil prices on Filipinos’ daily expenses.

President Ferdinand R. Marcos Jr. also announced recently that he is considering the temporary reduction or suspension of excise taxes on fuel to cushion the impact of rising fuel prices on goods and services.

As a standard practice, the Philippines maintains enough fuel that could meet around two months’ worth of national demand, providing a temporary buffer against supply disruptions.

In addition, the Department of Transportation (DOTr), together with the Land Transportation Franchising and Regulatory Board (LTFRB), is set to roll out fuel subsidies for public utility vehicle (PUV) operators to ease the impact of rising prices on drivers and keep fares more affordable for commuters.

On the other hand, the Department of Agriculture (DA) will also provide fuel subsidies to farmers and fisherfolk to keep food prices stable.

Another initiative being considered is free bus rides. The Metropolitan Manila Development Authority (MMDA), in partnership with private companies, will launch the Electric Love Bus program to offer free rides on select Metro Manila routes by late April or early May.

“The government is closely monitoring global oil prices and the duration of the ongoing conflict, so we can respond accordingly. We remain vigilant, prepared, and committed to protecting the welfare of all Filipinos,” Secretary Go said.