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Gas Stations Being Monitored to Prevent Hoarding, Profiteering

Manila: The government has started monitoring gas stations as part of its intensified efforts to address the possible impact of rising oil prices amid tensions in the Middle East, Malaca±ang said on Saturday. Palace Press Officer Claire Castro said President Ferdinand R. Marcos Jr. directed concerned agencies to prepare for the potential effects of the ongoing conflict on global oil prices.

According to Philippines News Agency, Castro relayed that the government is adopting a whole-of-government approach, including closer monitoring and enforcement measures on fuel retailers. Citing Department of Energy (DOE) Secretary Sharon Garin's statement, she emphasized that even before the President made the public announcement, he had already issued orders to prepare interventions aimed at easing the burden on the public.

Following Marcos' directive, any fuel price adjustments must follow the proper schedule, Garin said, stressing that unauthorized or premature increases will not be allowed. Garin noted that the DOE has intensified inspections of fuel stations together with the Department of the Interior and Local Government and the Philippine National Police, to prevent hoarding, profiteering, or supply manipulation. She said the President wants government agencies to stay vigilant to protect consumers from possible price manipulation.

Garin assured the public that there is no reason for panic buying, noting that the country has adequate fuel supply and government agencies are actively monitoring the situation. She echoed Marcos' call for preparedness, saying the directive reflects the administration's concern for Filipino households that could be affected by oil price fluctuations. Garin said the DOE will continue to provide updates on the situation and urged the public to remain calm, assuring that the government is taking the necessary steps to ensure stable fuel supply and fair pricing nationwide.