By MANILA (UPDATED) — President Ferdinand Marcos Jr. said that while all options are on the table, the government is focused on immediate solutions to cushion the local impact of surging oil prices amid supply volatility in the global market due to the Middle East conflict. This was his response when asked about his thoughts on the calls to repeal the Oil Deregulation Act and remove Value-Added Tax (VAT) on fuel imports.
“Well, as I said before, nothing is being discounted,” he said in a chance interview after the PNPA “SILANG PAGLAOM” Class of 2026 commencement exercises in Silang, Cavite on Friday, March 27.
