Recto, oil execs discuss energy measuresMANILA, Philippines — As the nation struggles to cope with rising prices of fuel and basic goods due to the war in the Middle East, Executive Secretary Ralph Recto met with business groups at Malacañang on Monday to discuss further aligning of strategies to ease the impact of the crisis on people and industries. At the meeting, Recto assured the 22 leaders of nine business groups of swift government action on their concerns, including rising logistics costs and port congestion. “And we are hopeful that oil diplomacy should not only keep our stocks replenished, but build them up,” Recto said. On Tuesday, President Marcos convened the Unified Package for Livelihoods, Industry, Food and Transport (UPLIFT) committee, which is tasked to craft policies aimed at easing the impact of soaring fuel prices on Filipinos. Malacañang has not released details of the meeting, although Marcos is expected to deliver statements on the government’s response measures today.

Source: Philippine Star April 08, 2026 16:14 UTC