PRESIDENT MARCOS: The meeting yesterday was to assess the effects of the Israel-Iran conflict on –  especially oil prices.

And so we looked at it and… We looked at it at in-analyze namin kung papaano ang mangyayari. And nakita natin that the effect on the economy should be manageable. May effect siyempre kahit papaano ‘pag tumaas ang presyo ng langis.

But even before our meeting, nag-announce na ng ceasefire – pati Amerika pumasok na rin, nag-announce sila ng ceasefire, ‘yung presyo ng langis bumalik sa dati.

Umakyat ng 79 dollars per barrel, bumaba ulit pagkatapos na-announce ang ceasefire, bumaba ulit ng 69 kung saan siya nanggaling.

So, so far, there is no effect – there is no significant effect on the economy. Iyon lamang binabantayan natin ngayon ‘yung price counting. Dahil ang dami ko nang nakita nagtataas ng presyo, hindi naman tumaas ang presyo ng langis. So, iyon ang binabantayan natin ngayon. That’s what we are going to…

Q: Pero tuloy po ‘yung mga ayuda kahit po bumaba ‘yung presyo, tuloy pa rin ‘yung mga ayuda para sa ating mga drivers, mga mangingisda, at mga magsasaka?

PRESIDENT MARCOS: Kung hindi nagbago ‘yung presyo, then we do the same like before. Ang sinasabi namin hindi ayuda, subsidy ‘pag tumaas ang presyo.

Eh kung hindi tumaas ang presyo ng langis, then there is no need for that. They can proceed – we can do business as usual.

Q: Sir, some transport groups are saying that the subsidy is not enough. Ano pong masasabi natin?

PRESIDENT MARCOS: The price of oil has not gone up. So, we do not need to talk about the subsidy yet.

The price of oil has not gone up. It went up for one day, then it came back down.

Q: Okay, thank you! Thank you, sir. Thank you.

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